TradingMarkets 7 ETFs You Need to Know for Monday
With the stock and ETF markets closed on Friday for the Good Friday holiday, traders will again find many overbought funds when trading begins on Monday. Back in overbought territory after a one-day dip lower was the ^SSO^.
Selling in technology, however, helped send the ^QLD^ into oversold territory, along with technology funds like the ^XLK^.
Here are 7 ETFs You Need to Know for Monday.
Among the exchange-traded funds taking top ETF PowerRatings into trading on Monday are a pair of biotechnology funds: the ^XBI^ and the ^FBT^.
Two days in oversold territory above the 200-day moving average were enough to send a stampede of buyers into the ^EWD^ on Thursday. IWD gained well over 2%, rallying to year-to-date highs.
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The ^UUP^ continued to pullback above the 200-day moving average, closing at its lowest level a week.
Weakness in the U.S. dollar meant strength for gold-related ETFs like the ^GLD^, which closed higher for a second consecutive trading day on Thursday.
Among the biggest PowerRatings upgrades on Thursday was the three-point intraday upgrade by a leveraged exchange-traded fund, the ^ERY^.
High yield bond ETFs pulled back at the open on Thursday, creating a second day in oversold territory for exchange-traded funds like the ^HYG^.