TradingMarkets 7 ETFs You Need to Know for Friday
Health care remains the home of the most oversold ETFs trading above their 200-day moving averages. Around the globe, country ETFs continue to follow the lead of the iShares MSCI Taiwan Index ETF
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Here are 7 ETFs You Need to Know for Friday.
Down for a second day in a row and entering oversold territory above the 200-day moving average was the PowerShares QQQ Trust ETF
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Joining the Asian country ETFs in pulling back into oversold territory were a number of European country ETFs. These include the iShares MSCI France Index ETF
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PowerRating), both down nearly 1% intraday.
Some of the deepest pullbacks in ETFs by sector continue to be in the health care and consumer staples areas. Exchange-traded funds representing these stocks include the Vanguard Health Care ETF
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PowerRating) and the Consumer Staples Select Sector SPDR ETF
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The PowerShares Preferred Portfolio ETF
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Technology ETFs were also pulling back late in the week. Down for a second day above the 200-day moving average was the Semiconductor HOLDRS ETF
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PowerRating).
Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.
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