TradingMarkets 7 ETFs You Need to Know for Monday
Financial ETFs and funds indexed to emerging markets were among the biggest winners on a day of big winners. The huge rally in stocks worldwide set up a number of pullbacks in short and leveraged short ETFs, including exchange-traded funds reverse indexed to sectors such as Semiconductors.
Here are 7 ETFs You Need to Know for Monday.
Opening at its highest levels since mid-June, the Select Financial Sector SPDRS, XLF
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Bounding dramatically higher, the iShares Brazil Index fund, EWZ
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PowerRating), which was up more than 8%.
Crossing below its 200-day moving average on an intraday basis for the first time since late August, the ProShares UltraShort Oil & Gas ETF, DUG
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lost more than 12% on Friday. Deeply oversold, the ETF closed above its 200-day moving average.
The ProShares UltraShort Semiconductors exchange-traded fund, SSG
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The pullback in the PowerShares DB U.S. Dollar Bullish exchange-traded fund, UUP
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PowerRating), continued on Friday. Trading above its 200-day moving average, UUP is again oversold and below its 5-day moving average.
In a sizable pullback to the downside, the Select Consumer Staples Sector SPDRS, XLP
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PowerRating), opened on Friday at multi-month highs only to close near Thursday’s levels near the 200-day moving average.