U.S. markets advanced on the first trading day of the holiday shortened week, bringing a swift and bullish response to recent, short term oversold conditions. Up by more than 3% was the previously extremely oversold ^FXI^. Adding over 2% was the ^TAO^.
Sectorwise in the U.S., sellers were aggressive in the health care industry, sending the ^VHT^ higher by nearly 2% on the day.
Here are 7 ETFs You Need to Know for Wednesday
Among the top ETF PowerRatings funds going into trading at midweek are ^PBW^ and the ^BKF^. PBW maintained its top ETF PowerRating of 10 throughout trading on Tuesday, while the BKF remains a high rated fund even after a downgrade from 9 to 8.
Also among the higher rated country ETFs for Wednesday is the ^EWZ^, which also remains a top ETF despite a tick lower in its ETF PowerRating from 10 to 9.
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The most oversold exchange-traded fund in our database going into Wednesday’s trading? The ^FXE^ has a 2-period RSI of less than 5.
Up for a second consecutive session was the ^UUP^ on Wednesday. Nevertheless, a number of widely-traded commodity ETFs advanced, including the ^SLV^ and the ^OIL^.