TradingMarkets 7 ETFs You Need to Know for Friday

Early strength in retailers like Lowes
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and Target
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helped make consumer cyclicals among the better performing ETFs on Thursday. Overbought conditions – above and below the 200-day moving average – continue to characterize both sector and country ETFs.

Here are 7 ETFs You Need to Know for Friday.

Consumer discretionary ETFs like the Consumer Discretionary Select Sector SPDRS ETF
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were home to many of the outperforming stocks on Thursday including Walt Disney Company
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and Ford Motor Company
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.

Shares of major oil companies plunged on Thursday on an earnings miss by Exxon Mobil
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, driving energy ETFs lower and providing rare upside for the ProShares UltraShort Oil & Gas ETF
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. Chevron Corporation
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reports quarterly earnings on Friday.

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The S&P 500 recorded its best month in 17 years in April. Finishing strong were S&P 500-related exchange-traded funds from the popular S&P 500 SPDRS ETF
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to the less widely-traded iShares S&P 500 Index ETF
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.

Hedge this S&P 500 outperformance with an inverse ETF like the Proshares Short S&P 500 ETF
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, which was up on Thursday after closing lower for the past seven consecutive trading sessions.

Pulling back just one day after closing above the 200-day moving average, the iShares FTSE/Xinhua China 25 ETF
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is one of a growing number of international ETFs that has rallied above its 200-day moving average in recent days. The iShares MSCI Taiwan Index ETF
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is another, up more than 3% intraday on Thursday.

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