In sector ETFs, some options traders are positioning for a rebound in bank stocks such as JP Morgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), Citigroup (NYSE: C) and US Bancorp (NYSE: USB), according to a report Tuesday. Bank ETFs followed the broader market higher with investors feeling in a “risk-on” mood. The Dow gained over 100 points.
In retail ETFs, the spotlight was on Walgreens (NYSE: WAG) and Best Buy (NYSE: BBY). [Retail ETFs Mixed]
Homebuilder ETFs rose Tuesday after a report on existing home sales. [Builder ETFs Eye Sales]
PowerShares QQQ
