TradingMarkets 7 ETFs You Need to Know for Friday
Trading on the day before Thanksgiving was predictably mild in volume, though the major equity index exchange-traded funds (ETFs) including the PowerShares QQQ Trust ETF
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PowerRating) and Dow DIAMONDS ETF
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PowerRating) finished the session in the green and back into overbought territory above the 200-day moving average.
From a sector perspective, buyers were most aggressive in the energy and industrial sectors, boosting ETFs like the ProShares Ultra Oil & Gas ETF
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PowerRating), which was up more than 2% late in trading on Wednesday.
Here are 7 ETFs You Need to Know for Friday.
Out of the highest rated exchange-traded funds going into trading on Friday, two are country ETFs: the iShares MSCI Turkey Investable Market Index ETF
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PowerRating) and the iShares MSCI Thailand Investable Market Index ETF
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PowerRating). Both funds earned ETF PowerRatings of 9 as of the close on Wednesday.
The highest rated ETF in our database continues to be the iShares Dow Jones U.S. Broker-Dealers Index ETF
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PowerRating). IAI has closed lower for four out of the past five trading days, and includes shares of companies like Goldman Sachs
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PowerRating), the CME Group
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PowerRating) among its holdings.
International exchange-traded funds – especially those linked to emerging markets – continue to earn high ETF PowerRatings in recent days. One ETF that has earned an ETF PowerRating of 8 is the S&P International Small Cap SPDRS ETF
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PowerRating). SCZ includes companies from nations as different as Ireland and Japan and has industrial stocks as its largest sector component by weighting.
Learn how to trade ETFs using moving averages. Click here.
New lows in the U.S. dollar meant new highs for the PowerShares U.S. Dollar Inidex Bearish ETF
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PowerRating), which was up by more than 1% on Wednesday and closed at its highest level since the summer of 2008.
Both gold bullion and gold miners were attracting heavy buying interest in the light volume session before the Thanksgiving holiday. The SPDR Gold Trust ETF
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PowerRating), which tracks the price of bullion was up well over 1% on the day, while the Market Vectors Gold Miners ETF
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PowerRating), which follows the AMEX Gold Miners Index, gained more than 2%.