• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / ETFs / Commentary / TradingMarkets 7 ETFs You Need to Know for Friday

TradingMarkets 7 ETFs You Need to Know for Friday

January 7, 2010 by David Penn

Semiconductors, as represented by exchange-traded funds like the ^SMH^, joined the pullback in the broader technology sector on Thursday. Exchange-traded funds like the ^XLK^, noted in yesterday’s 7 ETFs You Need to Know, retreated deeper into oversold territory above the 200-day moving average. Both SMH and XLK earned ETF PowerRatings upgrades to 8.

Increasingly overbought and due for a pullback above the 200-day moving average are financials. Closing in overbought territory for a fourth consecutive trading session and soaring more than 4% on Thursday was the ^UYG^.

Here are 7 ETFs You Need to Know for Friday.

Among the top ETF PowerRatings funds going into trading on the final day of the trading week are the ^VGT^ and the ^IYW^. VGT and IYW were among the bigger ETF PowerRatings upgrades on Wednesday.

Also continuing to rank among our highest ETF PowerRatings funds is the ^XLU^, which closed lower for four out of the past five days on Thursday.

Which are the two most important moving averages for high probability traders – including ETF PowerRatings traders? Click here to find out.

The REIT-related exchange-traded funds featured here in 7 ETFs You Need to Know over the past few days were among those funds moving higher on Thursday. Crossing above their 5-day moving averages and closing back in overbought territory were the ^VNQ^, which had closed on Wednesday with a top ETF PowerRating of 10.

The most overbought ETF in our high probability ETF database? The ^RKH^ has had a 2-period RSI of more than 90 for four consecutive trading days and is increasingly vulnerable to reversal.

Three days in a row in overbought territory above the 200-day moving average was enough for the ^FXI^, which pulled back sharply on Thursday. Also pulling back, though not as sharply, was the ^EWZ^.

For the first time ever – Read Larry Connors’ bestseller High Probability ETF Trading is available in paperback at half the price of the hardcover. Click Here to read now.

Filed Under: Commentary, ETFs, Recent Tagged With: etf funds, ETFs, EWZ, exchange-traded funds

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in