TradingMarkets 7 ETFs You Need to Know for Friday
Equity index ETFs – including both the S&P 500 SPDRS ETF
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Meanwhile, the continued pullback in energy shares helped the Energy Select Sector SPDRS ETF
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Here are 7 ETFs You Need to Know for Friday.
As noted in Thursday’s ETF trading strategy article, “Are the Bond ETF Markets A Buy? ETF Strategies for the Short Term Trader,” bond ETFs continue to be those most oversold above the 200-day moving average. Closing lower for a third consecutive day was the iShares Barclays TIPS Bond ETF
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PowerRating).
The financials continue to rank among the highest ETF PowerRatings funds going into Friday’s trading. This includes ETFs like the KBW Capital Markets ETF
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What are the two most important moving averages for high probability ETF traders – including ETF PowerRatings traders? Click here to find out.
Among country ETFs, two of the most oversold are the iShares MSCI South Africa Index ETF
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PowerRating), both of which pulled back sharply late in trading on Thursday.
Profit-taking in the Market Vectors Gold Miners ETF
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PowerRating) sent the fund down more than 2% on Thursday. GDX closed in neutral territory on the day and above its short-term, 5-day moving average.
The wildly overbought semiconductor sector only became more overbought on Thursday. Strength in this sector helped the Technology Select Sector SPDRS
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PowerRating) close in overbought territory for a third day in a row.