TradingMarkets 7 ETFs You Need to Know for Friday
Stocks were routed again on Thursday, providing another day of higher highs for many short and leveraged short funds based on market indexes. Emerging markets ETFs were also dramatically lower, as were most sector ETFs – though the selling was markedly less aggressive in technology-indexed funds.
Here are 7 ETFs You Need to Know for Friday.
The S&P 500 SPDRS, SPY
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Trading below its 200-day moving average and extremely oversold, the iShares Russell 2000 Trust, IWM
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The PowerShares DB US Dollar Bullish ETF, UUP
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Nearing its September highs, the ProShares UltraShort FTSE/Xinhua exchange-traded fund, FXP
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Wednesday’s intraday reversal to the downside in the Select Industrial Sector SPDRS, XLI
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Exchange-traded funds like the ProShares UltraShort Financials ETF, SKF
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