TradingMarkets 7 ETFs You Need to Know for Thursday

Banks and financial ETFs were higher while energy and industrial funds were lower on a day during which stocks were able to rally from intraday lows to end the day near Tuesday's levels in the S&P 500 and Dow 30. The same held true for emerging markets ETFs, which tended to find buyers as their prices moved lower earlier in the session.

Here are 7 ETFs You Need to Know for Thursday.

Up by more than 5% on Wednesday, the KBW Bank Index ETF, KBE (KBE | Quote | Chart | News | PowerRating), is one of the few clearly overbought ETFs trading below its 200-day moving average.

The Oil Service HOLDRS, OIH (OIH | Quote | Chart | News | PowerRating), ended the day Wednesday down by more than 4%, but significantly off their intraday lows. OIH is both under its 200-day moving average, as well as being oversold.

Down big for the second day in three, the ProShares Ultra QQQ ETF, QLD (QLD | Quote | Chart | News | PowerRating), lost more than 3% on Wednesday.

The ProShares UltraShort Russell 2000 exchange-traded fund, TWM (TWM | Quote | Chart | News | PowerRating), continued to test its 200-day moving average for resistance, gaining more than 4% on the day, but off its intraday highs.

Below its 200-day moving average and closing for the eighth day in a row, the Select Industrial Sector SPDRS, XLI (XLI | Quote | Chart | News | PowerRating), were down more than 3% late in trading on Wednesday. XLI is significantly oversold. The Select Basic Materials Sector SPDRS, XLB (XLB | Quote | Chart | News | PowerRating), lost more than 2%.

Up for a second day in a row, the Market Vectors Global Alternative Energy Index exchange-traded fund, GEX (GEX | Quote | Chart | News | PowerRating), still closed beneath its 5-day moving average for a fourth consecutive session. GEX is below its 200-day moving average.

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