TradingMarkets 7 ETFs You Need to Know for Friday

Financial stocks improved on news of the President’s 10-year budget and rising crude oil prices boosted energy stocks. But weakness was significant elsewhere, especially in health care which now makes up the largest sector by market value in the S&P 500.

Here are 7 ETFs You Need to Know for Friday.

Financial stocks continued to advance on Thursday with shares of Bank of America
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, Wells Fargo
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and JP Morgan
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leading the way. This meant higher prices for the Financial Select Sector SPDRS ETF
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, which is increasingly overbought below the 200-day moving average.

Higher prices for crude oil have not only boosted oil ETFs and oil stock ETFs, but also commodity exchange-traded funds like the United States Gasoline Fund ETF
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In a downtrend below the 200-day moving average ever since its overbought peak in early February, the Health Care Select Sector SPDRS ETF
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plunged by more than 3% intrday on Thursday.

Looking for yield in all the wrong places? More ETF investors and traders are turning to municipal bond ETFs like the PowerShares Insured National Municipal Bond ETF
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which has a dividend yield of 5% and the SPDRS Barclays Capital Municipal Bond ETF
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which has a dividend yield of approximately 3.8%.

Still significantly oversold above the 200-day moving average are a number of bond exchange-traded funds including the iShares Barclay’s 20+ Year Treasury Bond ETF
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and the iShares Barclay’s Aggressive Bond Fund ETF
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