TradingMarkets 7 ETFs You Need to Know for Monday
Selling in the energy sector helped markets continue to pull back on Friday. Closing below Thursday’s lows and into oversold territory above the 200-day moving average were equity index ETFs such as the Dow DIAMONDS ETF
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PowerRating) and the iShares Russell 2000 Index ETF
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PowerRating).
Among country exchange-traded funds, Asian country funds were stronger while European country ETFs like the iShares MSCI France Index Fund ETF
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PowerRating) lost more than 1% and are increasingly oversold.
Here are 7 ETFs You Need to Know for Monday.
Making its third consecutive lower close on Friday, the Energy Select Sector SPDRS ETF
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PowerRating) fell less than 1% after rallying from lowest levels of the day.
Among the country ETFs pulling back on Friday were the iShares MSCI Germany Index Fund ETF
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PowerRating) and the iShares MSCI Australia Index Fund ETF
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PowerRating), which earned an ETF PowerRating upgrade to 9 on the close.
After closing lower for three days in a row, the Consumer Discretionary Select Sector SPDRS ETF
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Other energy related exchange-traded funds earning ETF PowerRatings upgrades on Friday were the iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF
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PowerRating) and the SPDR S&P Oil & Gas Exploration & Production ETF
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PowerRating). Both exchange-traded funds earned ETF PowerRatings upgrades to 9 on Friday.
Another day, another new short term high for the SPDR Gold Trust ETF
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PowerRating), which outperformed ETFs representing the stocks of actual mining companies on Friday.