On a day with both the blue chip Dow Diamonds ETF ( DIA | Quote | Chart | News | PowerRating) and the PowerShares QQQ Trust ETF ( QQQQ | Quote | Chart | News | PowerRating) gaining more than 1%, financials underperformed on a relative basis. The Financial Select Sector SPDRS ETF ( XLF | Quote | Chart | News | PowerRating), for example, finished little changed on Tuesday, just outside of overbought territory above the 200-day.
Here are 7 ETFs You Need to Know for Wednesday
Some of Tuesday's most impressive performances came from country ETFs like the iShares FTSE/Xinhua China 25 ETF ( FXI | Quote | Chart | News | PowerRating), which gained more than 2% and the iShares MSCI Brazil Index ETF ( EWZ | Quote | Chart | News | PowerRating), which soared by nearly 3%.
Click here to learn how moving averages can help you trade ETFs like FXI and EWZ.
The S&P 500 SPDRS ETF ( SPY | Quote | Chart | News | PowerRating) were among those exchange-traded funds (ETFs) returning to new year to date highs on Tuesday. The SPY gained more than 1% on the day and is again overbought above the 200-day moving average.
The highest rated sector ETF? With an ETF PowerRating of 9 late in trading on Tuesday, the iShares Dow Jones U.S. Broker-Dealers ETF ( IAI | Quote | Chart | News | PowerRating) continues to earn relatively high ETF PowerRatings.
Among the deeper pullbacks among ETFs was the drop into oversold territory by the iShares Barclays Aggregate Bond ETF ( AGG | Quote | Chart | News | PowerRating). Down more than 1% was the iShares Barclays 20+ Year Treasury Bond ETF ( TLT | Quote | Chart | News | PowerRating)
Although higher on an open to close basis on Tuesday, the SPDR Barclays Capital High Yield Bond ETF ( JNK | Quote | Chart | News | PowerRating) is likely to open in oversold territory above the 200-day moving average on Wednesday.
