Sellers Send Financials Lower Heading into Friday, BofA Earnings: 7 ETFs You Need to Know for Friday

With ^BAC^ announcing earnings before the market open on Friday, traders will be waiting for the reaction among a cohort of oversold financial sector stocks and ETFs. Among major equity index ETFs, the ^QQQ^ has climbed up into neutral territory while the SPDR S&P 500 Trust ETF ^SPY^ remains oversold above its 200-day moving average.

Special to 7 ETFs You Need to Know for Friday.

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Here are 7 ETFs You Need to Know for Friday.

In addition to the financial funds highlighted in yesterday’s 7 ETFs You Need to Know, both the ETF ^IYF^ and the ^FAS^ (below) have pulled back into oversold territory.

FAS chart

Shares of FAS have closed lower for five out of the past six trading days.

Next to Spain, country funds representing South Africa and Russia are among the most oversold heading into trading on Friday. The ^EZA^ has closed lower for four days in a row. Meanwhile the ^RSX^ (below) has pulled back for three out of the past four trading days.

RSX chart

All of RSX’s last four closes have been in oversold territory above the 200-day moving average.

Buoyed by the strong performance of stocks like ^KFT^, the ^XLP^ is among the more overbought ETFs in our database. Shares of XLP closed higher on Thursday for the fourth day in a row.

Breaking out to a new short term high on Thursday was the ^SLV^ (below).

SLV chart

SLV rallied by well over 3% to close in overbought territory for a second session in a row.

The most overbought country fund heading into the final trading day of the week is the ^EWS^. EWS has closed higher for just two days in a row following a two-day pullback that took the fund into oversold territory above the 200-day moving average.

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David Penn is Editor in Chief of