TradingMarkets 7 ETFs You Need to Know for Wednesday

Technology stocks were among those in the spotlight on Tuesday as traders absorbed news of Cisco’s first, year-end slowdown and reports of slowing cell phone sales in the coming year. Up dramatically were homebuilding stocks, boosted by the Fed’s plan to provide up to $800 billion to unlock consumer and small business credit markets.

Here are 7 ETFs You Need to Know for Wednesday.

Anxiety over handset sales going forward and news of an end of year shutdown at Cisco
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has spurred increased trading in technology shares. ETFs traders and investors can turn to the ProShares Ultra Technology ETF, ROM
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, for exposure to this sector. For hedging a tech-heavy stock portfolio, the ProShares UltraShort ETF, REW
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is one popular option.

Traders can specifically target the semiconductor segment of technology through the SPDRS S&P Semiconductor Sector ETF, XSD
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. If you think that semiconductor stocks have more work to do on the downside, then consider the ProShares UltraShort Semiconductor exchange-traded fund, SSG
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for both speculation and hedging.

News that the Federal Reserve was committing $800 billion to help ease credit markets for home buyers and small businesses helped homebuilder stocks move higher on Tuesday. The SPDRS S&P Homebuilders ETF, XHB
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is one of the easiest way to trade these stocks as a sector.

Although trading below its open on Tuesday, the iShares Brazil Index fund, EWZ
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was still up more than 3% on the day late in trading. By contrast, the India Fund, IFN
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, was down well over 2%.

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