TradingMarkets 7 ETFs You Need to Know for Friday

Stocks continued to move lower as the as negative news on jobless claims outweighed gains in retail sales for January. Sellers were especially aggressive in the financial sector.

Here are 7 ETFs You Need to Know for Friday.

Profit-taking in the financial sector sent ETFs linked to banks and other financial institutions lower and deeper into oversold territory below the 200-day moving average on Thursday. The ProShares Ultra Financials ETF
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was off more than 10% intraday.

Also lower was the KBW Capital Markets ETF
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, which includes among its holdings Goldman Sachs
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, T. Rowe Price Group
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, and Charles Schwab
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.

The rally in the iShares Silver Trust ETF
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continued on Thursday as the ETF crossed back over the 200-day moving average after a lower open.

A number of observers have noted the outperformance of gold bullion compared to gold mining stocks and suggested that intermediate to longer term opportunities may be found in the latter. One easy way to add gold mining stock exposure to a porfolio is through the Market Vectors Gold Miners ETF
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, which includes companies like Barrick Gold
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and Newmont Mining
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.

Pulling back after advancing for three consecutive sessions was the iShares Barclays 20+ Year Treasury Bond ETF
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. TLT is still trading above both its 5- and 200-day moving averages.

The iShares MSCI Mexico Fund ETF
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closed at its lowest level since early December 2008 on Thursday. Trading below its 200-day moving average, the exchange-traded fund as closed lower for four consecutive trading sessions.

Bounding higher by another 5% on Thursday, the ProShares UltraShort S&P 500 ETF
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is increasingly overbought above the 200-day moving average.

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