TradingMarkets 7 ETFs You Need to Know for Friday

Sellers returned to the financials and energy shares, while country ETFs, especially in those nations with economies based on commodity markets, continued to pull back.

Here are 7 ETFs You Need to Know for Monday.

Increasingly overbought below their respective 200-day moving averages, both the ProShares Short Dow 30 ETF
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DOG |
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and the ProShares UltraShort Dow 30 ETF
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struggled to reach new weekly highs over the course of trading on Friday.

Buyers in investment grade corporate bonds continue to remain on the offensive, driving the iShares iBoxx Investment Grade Corporate Bond ETF
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higher again on Friday.

Down more than 4% intra-day was the Market Vectors Russia ETF
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RSX |
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which continues to trade above its 200-day moving average. RSX is weighted most heavily with shares from Russian energy companies.

With its giant oil reserves still off limits to foreign investment, the iShares MSCI Mexico Investable Markets Index ETF
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EWW |
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is most heavily weighted toward the country’s telecommunications industry – to the tune of 40% of the ETF’s sector weighting. EWW was off nearly 1% in trading on Friday.

According to followers of Dow theory, the bounce in the iShares Dow Jones Transportation Average ETF
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on Friday may make it even less likely that the average will follow the Dow DIAMONDS
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DIA |
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, which represent the Dow industrials, below the level of the May lows.

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