TradingMarkets 7 ETFs You Need to Know for Friday
Buyers shifted their devotion from financials to energies on Thursday, but there was plenty of love for most sectors as exchange-traded funds from the ^XLK^ to the ^IYM^ rallied by more than 1% and 2%, respectively.
Among major equity index ETFs, the ^QQQQ^ outperformed representative funds of the S&P 500 and the Dow industrials, closing at new, short term highs.
Here are 7 ETFs You Need to Know for Friday.
The highest ETF PowerRating country fund is the widely-traded ^EWJ^, which continues to trade near its 200-day moving average.
Among top ETF PowerRatings funds going into trading on Friday are the ^XLF^ and the Regional Bank HOLDRS ETF ^RKH^. Both ETFs began and ended trading on Thursday with ETF PowerRatings of 8.
Buyers in the technology sector helped send the ^ROM^ higher by well over 2% on Thursday.
Pulling back sharply by more than 4% and plunging deeper into oversold territory is the ^TZA^.
The most oversold ETF in our database heading into the final trading day of the week? Pullbacks in bond ETFs continue to make exchange-traded funds like the ^BND^ and the ^TIP^ among the funds for high probability ETF traders to keep an eye on over the next few days.