TradingMarkets 7 ETFs You Need to Know for Friday
Which exchange-traded funds (ETFs) will be the big movers on expiration day? Financials led the rebound in stocks on Thursday while oversold conditions above the 200-day moving average have lured ETF traders and investors into emerging markets ETFs from countries like China and Brazil.
Here are 7 ETFs You Need to Know for Friday.
Up more than 10% intraday after pulling back for three days was the Direxion Financial Bull 3x Shares ETF
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FAS |
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PowerRating). FAS is leveraged 3-to-1 to the daily returns of the Russell 1000 Financial Services Index.
Regional banks were also attracting buyers on Thursday. The SPDR KBW Regional Banking ETF
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KRE |
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Role players in Thursday’s rally were sectors like technology, which have been aggressively sold for the past several days. Gaining more than 2% intraday after pulling bck for five out of the past six sessions was the Technology Select Sector SPDRS ETF
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XLK |
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PowerRating). XLK continues to oscillate around its 200-day moving average.
We underscored the exceptionally oversold conditions in the SPDRS S&P Retail ETF
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XRT |
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Rallying for a fourth day in a row below the 200-day moving average, the iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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Stocks from both China and Taiwan were rallying after pulling back for three days above the 200-day moving average. ETF traders and investors can get exposure to the stocks of these countries through the iShares FTSE/Xinhua China 25 ETF
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FXI |
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PowerRating) and the iShares MSCI Taiwan Index ETF
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EWT |
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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 (SPDR S&P 500)? Click here to learn quantified trading strategies in High Probability ETF Trading and gain a trading edge.