The ^SPY^ lead both the ^DIA^ and the ^QQQQ^ higher on Tuesday. Of those two, the QQQQ remain overbought.
From a sector perspective, buyers were most aggressive in the financial sector, sending the ^FAS^ higher by more than 3%.
Here are 7 ETFs You Need to Know for Wednesday.
Among the top ETF PowerRatings funds for Wednesday are the ^IYR^ and the ^RTH^. IYR broke even on Tuesday after closing lower for two days in a row. For its part, RTH closed lower for five consecutive tradings days.
Also among the highest rated funds going into Wednesday is the ^ICF^. The ETF has closed lower for three out of the past five trading days.
Get your copy of the new paperback edition of High Probability ETF Trading: 7 Professional Strategies to Improve Your Trading. Click here today.
The most oversold ETF in our database going into Wednesday’s trading? Real-estate and REIT-related exchange-traded funds continue to be among the most oversold, including funds like the ^RWR^.
A number of country-based exchange-traded funds are some of the most overbought ETFs above the 200-day moving average. This includes widely traded funds like the ^EWZ^ and the ^FXI^.
Buyers continue to be aggressive in commodities, sending the ^DBC^ higher for a second consecutive session.
TradingMarkets.com supplies active traders with the education and tools they need to make trades based on data - not emotion and delivers content, tools, data, and trading systems aligned with the proprietary trading methodologies developed by Connors Research.
