TradingMarkets 7 ETFs You Need to Know for Friday
Early selling helped induce buyers to come off the sidelines on Thursday, sending stocks in sectors across the board higher. Technology and financial stocks helped lead on the day.
Here are 7 ETFs You Need to Know for Friday.
Materials stocks continue to advance, meaning lower prices for the ProShares UltraShort Basic Materials ETF, SMN
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PowerRating). The fund closed in oversold territory above the 200-day moving average for the second consecutive trading session.
Yesterday’s 7 ETFs You Need to Know highlighted the Materials Select Sector SPDRS as one option for ETF traders and investors looking for exposure to basic materials stocks. For a more global approach to this sector, traders and investors may want to consider the iShares S&P Global Materials ETF, MXI
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PowerRating), which includes international stocks like Rio Tinto and BHP Billiton, as well as Monsanto Company
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Broad-based strength in energy stocks helped boost the Energy Select Sector SPDRS ETF, XLE
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After back-to-back sell-offs, the ProShares Ultra Financials ETF, UYG
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Down for a fourth consecutive trading day above the 200-day moving average was the iShares Barclays Aggregate Bond Fund ETF, AGG
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The Market Vectors Gold Miners ETF, GDX
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PowerRating), rallied to test its 200-day moving average for resistance for a third time in the past nine trading days. The ETF, which tracks the AMEX Gold Miners index rather than the price of gold bullion itself.
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