TradingMarkets 7 ETFs You Need to Know for Friday
Soaring foreclosure rates helped make homebuilders the worst performing sector on a day of widespread underperformance in many sectors. Short and leveraged short ETFs in general extended their gains.
Here are 7 ETFs You Need to Know for Friday.
Down more than 10%, the Select Homebuilders SPDRS, XHB
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PowerRating) broke down to fresh, 7-day lows on Thursday.
Against the backdrop of Russia’s credit downgrade from S&P, the Market Vectors Russia Trust exchange-traded fund, RSX
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PowerRating) continues to trade below its 200-day moving average but trading off its lows late on Thursday.
Other emerging markets were not so lucky, with the India Fund, IFN
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PowerRating) down 2% late in trading on Thursday, but recovered toward the end of the session.
Higher prices for crude oil have helped keep energy stocks higher, with the United States Oil Fund, USO
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PowerRating), gaining nearly 2% on Thursday before fading a bit into the close.
The ProShares UltraShort Financials ETF, SKF
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PowerRating) added more than 9% on Thursday. It was the ETF’s second consecutive up session.
Rallying to a second, all-time closing high on Thursday were the CurrencyShares Japanese Yen Trust, FXY
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PowerRating). FXY has closed above its 5-day moving average for the third consecutive session.
Down for a third session in a row, the S&P Biotechnology SPDRS, XBI
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PowerRating) fell by nearly 3%, but was significantly off its intraday lows.
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