TradingMarkets 7 ETFs You Need to Know for Monday
Sellers remained on the offensive to end the week, sending sector ETFs deeper into oversold territory below the 200-day moving average. Bond ETFs remained under pressure and profit-taking in financial stocks helped trim that sector’s gains.
Here are 7 ETFs You Need to Know for Monday.
Basic materials stocks were among those leading the markets lower on Friday, with shares of International Paper
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Conversely, the Materials Select Sector SPDRS, XLB
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Exxon Mobil
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Selling pressure remained strong in Treasury bonds, sending the iShares Barclay’s 20+ Year Treasury Bond ETF, TLT
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Among the exchange-traded funds that outperformed over the past week were the Direxion Financial Bull 3X Shares ETF, FAS
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PowerRating), though profit-taking was intense in both funds on Friday.
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