TradingMarkets 7 ETFs You Need to Know for Friday
With selling in the energy sector leading the way, the market pull back spared few sectors on Thursday. Meanwhile, the profit-taking in country ETFs from Latin America to Asia is creating a growing number of oversold ETFs trading above their 200-day moving averages.
Here are 7 ETFs You Need to Know for Friday.
We highlighted the increasingly overbought energy sector in yesterday’s TradingMarkets 7 ETFs You Need to Know for Thursday. Stocks in this sector helped lead the markets lower on Thursday, sending the ProShares UltraShort Oil & Gas ETF
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Sellers were also aggressive in industrial stocks. The Industrial Select Sector SPDRS ETF
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A number of country ETFs are now oversold above their 200-day moving averages. Examples of these pullbacks can be seen in the iShares MSCI Hong Kong Index ETF
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Continued weakness in the dollar is boosting currencies from the Euro to the yen in recent days. ETF traders and investors can add international currency exposure to their portfolios through exchange-traded funds like the CurrencyShares Euro Trust
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