TradingMarkets 7 ETFs You Need to Know for Friday
Oversold conditions in the financial sector lead to strong performances by financial ETFs across the board. Oversold bounces were also the case in index ETFs representing the S&P 500 and other major markets.
Here are 7 ETFs You Need to Know for Friday.
Three days in oversold territory above the 200-day moving average resulted in a bounce in the S&P 500 SPDRS ETF
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Moderation in the pursuit of financial regulatory reform is no vice as far as buyers in financial shares were concerned on Thursday. With strength in stocks like Bank of America
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FAS |
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The ProShares UltraShort Financial ETF
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SKF |
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Confidence in the fortunes of health care stocks continues to drive ETFs linked to that sector higher, with many crossing above their 200-day moving averages in recent days and increasingly due for a pullback. Up more than 2% intraday and deeply overbought are both the Health Care Select Sector SPDR ETF
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XLV |
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IYH |
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A number of Asian country ETFs were higher on the day on Thursday, but remain in oversold territory above the 200-day moving average. These ETFs include the iShares MSCI Malaysia Index ETF
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EWS |
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Did you know that FAS (Direxion Financial Bull 3X Shares) recently surpassed the volume of trading as compared to the SPYs (SPDRs S&P 500)? Click here to learn quantified trading strategies in High Probability ETF Trading and gain a trading edge.