For One Week!
Sign Up Now >>
Sign Up Now >>
Sign Up Now >>
Forbes.com (content partner)
AOL Money (content partner)
CNBC
Fox Business News
Bloomberg TV
Wall Street Journal
MarketWatch
Fortune
New York Times
Stocks and Commodities
Active Trader Magazine
Los Angeles Times
Futures Magazine
Barrons
Reuters
SFO Magazine
Investor's Edge
E*Trade Radio
Bloomberg Markets Magazine
Chicago Mercantile Exchange
Forbes.com
SFO
Registered Rep
FXstreet.com
Pullbacks in country ETFs were widespread on Monday, creating a number of oversold conditions above the 200-day moving average. Sector-wise, energy ETFs remained in retreat while buyers chased consumer staples stocks - and their exchange-traded funds - higher.
Here are 7 ETFs You Need to Know for Tuesday.
Lower energy prices have helped accelerate and deepen the pullback in the Market Vectors Russia ETF ( RSX | Quote | Chart | News | PowerRating), which was down more than 3% intra-day on Monday. Also pulling back sharply on the first trading day of the week was the iShares MSCI Brazil Index ETF ( EWZ | Quote | Chart | News | PowerRating). Both country ETFs are oversold above their 200-day moving averages.
Among equity index ETFs, those linked to the Nasdaq 100 were increasingly oversold on Monday. The PowerShares QQQ Trust ETF ( QQQQ | Quote | Chart | News | PowerRating) was down more than 1%, earning its second consecutive, single-digit 2-period RSI. Rallying into overbought territory below the 200-day moving average was the ProShares UltraShort QQQ ETF ( QID | Quote | Chart | News | PowerRating). QID has had a 2-period RSI of more than 90 for two days in a row.
The sell-off in energy shares has created extremely overbought conditions in the ProShares UltraShort Oil & Gas ETF ( DUG | Quote | Chart | News | PowerRating), which gained more than 4% intraday on Monday.
Strength in shares of ConAgra Foods ( CAG | Quote | Chart | News | PowerRating) and Philip Morris International ( PM | Quote | Chart | News | PowerRating) helped send consumer staples ETFs higher on Monday. The Consumer Staples Select Sector SPDR ETF ( XLP | Quote | Chart | News | PowerRating) retraced all of its losses from the Thursday sell-off and is now mildly overbought above its 200-day moving average.
Despite being off its recent all-time highs by more than 9%, the Market Vectors Indonesia ETF ( IDX | Quote | Chart | News | PowerRating) is still more than double what it traded for at its all-time lows in early March.
ETFs are a fast growing asset class and you need to improve your ETF trading with quantified strategies. High Probability ETF Trading will give you the edge with 7 quantified strategies that have been back tested in model portfolios â€" click to buy now.


