TradingMarkets 7 ETFs You Need to Know for Thursday
Sellers were especially aggressive in the financial sector, with the Financial Select Sector SPDRS ETF (XLF | Quote | Chart | News | PowerRating) losing more than 3% intraday. Country ETFs continued their pullbacks across the board, becoming increasingly oversold above their 200-day moving averages.
Here are 7 ETFs You Need to Know for Thursday
Exchange-traded funds representing each of the so-called BRIC nations experienced another day in oversold territory above the 200-day. Down more than 2% intraday was the iShares MSCI Brazil Index ETF (EWZ | Quote | Chart | News | PowerRating), and the Market Vectors Russia ETF (RSX | Quote | Chart | News | PowerRating) plunged more than 5% late in trading on Wednesday.
The India Fund (IFN | Quote | Chart | News | PowerRating) also lost more than 5% intraday, closing for a third consecutive session in oversold territory above the 200-day moving average. Representing China, the iShares FTSE/Xinhua China 25 ETF (FXI | Quote | Chart | News | PowerRating) slid by a little over 2% intraday, closing for a second day in a row oversold above its 200-day.
Soaring by more than 2% intraday, the CurrencyShares Japanese Yen Trust ETF (FXY | Quote | Chart | News | PowerRating) traded on Wednesday at levels not reached since February of this year.
Weakness in technology shares - especially semiconductors - helped push the ProShares UltraShort Semiconductor ETF (SSG | Quote | Chart | News | PowerRating) deeper into overbought territory below the 200-day moving average.
Trading at its highest levels since mid-March and increasingly overbought below the 200-day moving average, the ProShares UltraShort Financial ETF (SKF | Quote | Chart | News | PowerRating) gained more than 5% intraday on Wednesday.
No comments:
Post a Comment