TradingMarkets 7 ETFs You Need to Know for Friday
From emerging markets ETFs to ETFs indexed to sectors like semiconductors and financial stocks, many of the most
widely-traded exchange-traded funds are beginning to rally after reaching extremes in selling pressure.
Meanwhile moving farther and farther below their 200-day moving averages, ETFs
with commodities exposure to gold and crude oil entering their sixth or seventh consecutive down day.
Here are 7 ETFs You Need to Know for Friday.
The iShares FTSE/Xinhua 25 exchange-traded fund, FXI
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Commodities-related ETFs continue to be sold aggressively. The United States Oil Fund, USO
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PowerRating) was down more than 2% and has a 2-period RSI in the single digits. The Select Gold Shares SPDRS, GLD
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Also gapping down at the open only to rally over the course of the trading day was the iShares MSCI EAFE Index Trust, EFA
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PowerRating). Like other international country funds, EFA is oversold and trading below its 200-day moving average.
Financial ETFs are also among those that are oversold and trading below their 200-day moving averages. The ProShares UltraFinancials exchange-traded fund, UYG
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The Semiconductor HOLDRS, SMH
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