Selling was heaviest in the materials sector on Tuesday, though sellers were aggressive enough across the board to create oversold conditions in sector-based exchange-traded funds from the ^XRT^ to the ^IYF^.
The ^IWM^ is among the more oversold equity index ETFs going into Wednesday’s trading, closing lower for a second consecutive trading day.
Here are 7 ETFs You Need to Know for Wednesday.
Among the top ETF PowerRatings funds for Wednesday are a pair of country funds that experienced dramatic ETF PowerRatings upgrades intraday on Tuesday. These exchange-traded funds are the ^FXI^ and the ^EWC^.
Beyond country funds, other top rated exchange-traded funds earning major ETF PowerRatings upgrades ahead of Wednesday’s trading include the ^VGT^, which was upgraded to 9 late in trading on Tuesday.
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Both the ^SPY^ and the ^QQQQ^ retreated to oversold territory above the 200-day moving average on Tuesday. This marks the first time since New Year’s Eve 2009 that both funds have closed oversold.
Based out of London, ETF Securities has made available to U.S. traders and investors a pair of new, commodity-based exchange-traded funds. These new ETFs are the ^PPLT^ and the ^PALL^.