TradingMarkets 7 ETFs You Need to Know for Friday

With the major averages trading near breakeven levels for most of Thursday, overbought and oversold extremes have relented somewhat heading into the final trading day of the week.

Here are 7 ETFs You Need to Know for Friday.

Closing lower for three out of the past four days was the Consumer Staples Select Sector SPDRS ETF
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. Selling in drugstores CVS Caremark
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and Walgreen
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helped weigh down the fund.

Strength in Apple
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and eBay
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was not enough to boost many technology exchange-traded funds. Both the ProShares UltraShort Semiconductor ETF
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and the ProShares UltraShort Technology ETF
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closed higher after pulling back for the past two trading days. SSG and REW trade below their 200-day moving averages.

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The Dow DIAMONDS ETF
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continues to trade in a tight, two-point range below both its 5- and 200-day moving averages.

Still oversold above the 200-day moving average is the iShares Barclay’s 20+ Year Treasury Bond ETF
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. TLT has closed lower for three days in a row.

Continuing to gain against the dollar were both the British Pound and the Canadian dollar. The CurrencyShares British Pound Sterling Trust
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and the CurrencyShares Canadian Dollar Trust
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both closed higher for third consecutive sessions.

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