SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) -2.0% Energy prices are taking a hit as we start out the new week, pushing the equity-tracking XOP to industry-leading losses. Futures-based ETFs like United States Natural Gas Fund ( UNG) and United States Gasoline Fund ( UGA) are facing pressures as well. With these losses, UNG has retreated to record lows. All prices as of 2:15 PM EST Written by Don Dion in Williamstown, Mass.
In trading on Tuesday, shares of the iShares MSCI Israel Capped ETF entered into oversold territory, changing hands as low as $45.21 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Michael Gayed, chief investment strategist of Pension Partners and co-portfolio manager of the ATAC Inflation Rotation Fund, expects to see a rotation into stocks this fall, although he remains cautious in the near term.