Financials, Technology Pulling Back as Buyers Return to Gold, Energies: 7 ETFs You Need to Know for Monday

Heading into trading on Monday, buyers are back in the market for gold, with ETFs like the ^UGL^ and the ^IAU^ up three days in a row. Energies have also begun to gain ground, with the ^XLE^ up three days in a row and overbought.

Financials and technology remain under selling pressure. The ^XLK^ has closed down for five out of the past six trading days (despite recent strength in semiconductors). The ^FAS^ has pulled back for three out of the past four.

Here are 7 ETFs You Need to Know for Monday

Among the most oversold country funds heading into trading on Monday are the ^EZA^ and the ^EWP^ (below).

EWP chart

Shares of EWP have closed lower for five tradig days in a row, the last three in oversold territory above the 200-day moving average.

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Financial ETFs continue to be especially oversold compared to equity ETFs from other sectors like technology and energy. The ^UYG^ bounced modestly on Friday after closing lower for six consecutive sessions.

The ^SPY^ closed higher for a second day in a row on Friday. The move higher puts the fund back above its 5-day moving average after a pullback that put the SPY in oversold territory for four days last week.

Exchange-traded funds linked to the Nasdaq 100 are trading just outside of oversold territory above the 200-day moving average heading into trading on Monday. This includes both the ^QQQ^ and the ^QLD^ (below) which is leveraged two-to-one to the daily performance of the Nasdaq 100.

QLD chart

In addition to pulling back for the past two days in a row, the QLD has closed lower for six of the past seven trading days.

Up for a third day in a row and overbought above the 200-day moving average ahead of trading on Monday is the ^GLD^ (below).

GLD chart

GLD is now trading above its highest levels of the year and has closed overbought for the past two days in a row.

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David Penn is Editor in Chief of