TradingMarkets 7 ETFs You Need to Know for Friday
Precious metals ETFs, which we highlighted in yesterday’s 7 ETFs You Need to Know, continued to outperform with the iShares Silver Trust ETF
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PowerRating) reaching a new year-to-date high late in trading on Thursday.
Here are 7 ETFs You Need to Know for Friday.
In addition to the rally in the leading silver ETF, exchange-traded funds representing the miners of precious metals also moved toward year-to-date highs. Up well over 5% on Thursday was the Market Vectors Gold Miners ETF
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PowerRating).
Selling pressure remained strong in the technology sector with technology ETFs like the Technology Select Sector SPDRS ETF
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PowerRating) closing in oversold territory above the 200-day moving average for a fourth consecutive session.
High probability strategies for trading ETFs like XLK are the focus of Larry Connors’ new book, High Probability ETF Trading.
Two days of oversold extremes for the Direxion Daily Financial Bull 3x Shares ETF
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Buyers also returned to the retail sector on Thursday, helping the SPDR S&P Retail ETF
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PowerRating) rally by nearly 2% intraday after a four-day pullback.
While the Dow DIAMONDS ETF
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PowerRating) gained more than 1% on the strength of railroad stocks like Norfolk Southern Corporation
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PowerRating).
The best performing country ETF on Thursday? The iShares MSCI Belgium ETF
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Join Larry Connors live, Tuesday, September 8 at 2 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, E-minis and building a full trading plan – along with 4 weeks of live trading.
In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.
If you’d like to attend the presentation, you can register here.
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