Commodities were back in demand after becoming oversold in recent days. Up by more than 1% and back over its 200-day moving average was the ^DBC^.
Semiconductor ETFs like the ^XSD^ and the ^SMH^ were among Tuesday’s bigger gainers. Both ETFs were highlighted in yesterday’s 7 ETFs You Need to Know for Today.
Here are 7 ETFs You Need to Know for Wednesday.
Among the top ETF PowerRatings funds ahead of Wednesday’s trading are the ^ECH^ and the ^BRF^. Both ETFs earned ETF PowerRatings upgrades to 9 late in trading on Tuesday.
The most overbought ETF in our database? With an eye-popping 2-period RSI of 99.99 late in trading on Tuesday, there may be no exchange-traded fund more due for a reversal that the ^SSO^.
Our highest rated exchange-traded funds have made significant short term gains more than 75% of the time since 2003. Click here to learn more about our ETF PowerRatings and to sign up for your free, 7-day trial.
Country ETFs representing Indian stocks were moving sharply higher on Tuesday. The gain of more than 1% in the ^EPI^ was characteristic of similar funds in the group.
Plunging back into oversold territory was the ^SSG^. The fund slid by more than 6% on Tuesday.
Also reversing to move lower into oversold territory – though above the 200-day moving average – was the ^UUP^.
Overbought equities markets have proved no obstacle to higher prices for bond ETFs in recent days. At new short term highs on Tuesday was the ^AGG^.