TradingMarkets 7 ETFs You Need to Know for Wednesday

Sellers continued to overwhelm buyers on Tuesday, leading to significant corrections in exchange-traded funds in both the U.S. and internationally. Sectors such as retail and finance came under especially aggressive selling, to the advantage of short and leveraged short exchange-traded funds.

Here are 7 ETFs You Need to Know for Wednesday.

Concerns over September sales led to selling in retail stocks on Tuesday. The Select Retail Sector ETF, XRT (XRT | Quote | Chart | News | PowerRating) was lower by more than 3% on the day.

Financial stocks continued to be under pressure, with the Select Financial Sector SPDRS, XLF (XLF | Quote | Chart | News | PowerRating), ending the day down by more than 6%.

In spite of lower prices for crude oil, the iShares Dow Jones Transportation Average ETF, IYT (IYT | Quote | Chart | News | PowerRating) lost more than 4% on Tuesday.

A day after trading was temporarily suspended in the Brazilian stock market, Bovespa, the iShares Brazil Index Fund, EWZ (EWZ | Quote | Chart | News | PowerRating) was off by more than 10%.

The Select Gold Shares SPDRS, GLD (GLD | Quote | Chart | News | PowerRating), were up by more than 3% on Tuesday. Trading below its 200-day moving average, GLD is increasingly oversold. Also higher was the iShares Silver Trust, SLV (SLV | Quote | Chart | News | PowerRating) ahead by approximately 6% late in trading on Tuesday.

Soaring to levels not reached in years, the ProShares UltraShort QQQ fund, QID (QID | Quote | Chart | News | PowerRating), gained nearly 7% late in trading on Tuesday.

Double, Triple or Even Quadruple Your Returns Using ETFs! Click here to get your special free report!