TradingMarkets 7 ETFs You Need to Know for Friday

Stocks continued lower on Thursday as profit-taking accelerated from the overbought conditions early in the week. Plus: two lesser-known ways for ETF traders and investors to get exposure to metals, mining and steel stocks!

Here are 7 ETFs You Need to Know for Friday.

Financial stocks pulled back on Thursday, dragging the SPDRS Financial Select Sector ETF, XLF
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, which started the week overbought, lower for a third consecutive day.

Selling in technology shares helped the ProShares UltraShort Technology ETF, REW
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, advance for a second day on Thursday.

Among the sectors moving higher on Thursday was health care. One option for ETF traders and investors looking for health care exposure is the iShares Dow Jones US HealthCare ETF, IHF
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, which includes Medco Health Solutions
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and Wellpoint Inc.
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.

Trade ETFs but find yourself watching the dollar? Two exchange traded funds make it easy for stock and ETF traders and investors to participate in the greenback’s fortunes against a basket of currencies including the Euro, Japanese yen, British pound, Canadian dollar, Swiss franc and Swedish krona. The ETFs are the PowerShares DB US Dollar Index Bullish ETF, UUP
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and the PowerShares DB US Dollar Index Bearish ETF, UDN
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.

Pulling back after a strong four-day rally was the Market Vectors Steel ETF, SLX
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, which tracks the AMEX Steel Index. Also moving lower after days of gains was the SPDRS S&P Metals and Mining ETF, XME
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. The XME provides exposure to a variety of industrial and mining companies including Newmont Mining
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Massey Energy
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, and Steel Dynamics
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.

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