TradingMarkets 7 ETFs You Need to Know for Friday
U.S. markets slid lower on Thursday, with sellers most aggressive in the financial and energy sectors. Off by just under 1% was the ^UYG^. Down just over 1% was the non-leveraged ^XLE^.
Closing again in overbought territory above the 200-day moving average was the ^QQQQ^, which fell less than half a percent on Thursday.
Here are 7 ETFs You Need to Know for Friday.
Taking top ETF PowerRatings into the final trading day of the week are two exchange-traded funds that provide access to the stocks of the Brazilian stock market. These funds are the ^BRF^ and the ^EWZ^.
Also earning an ETF PowerRatings upgrade late in trading on Thursday was the ^ILF^.
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Two days in oversold territory above the 200-day moving average were enough to encourage buying in the ^UUP^, which rallied and closed back in overbought territory on Thursday.
The most oversold ETFs in our database ahead of Friday’s trading are energy-related funds. These include the ^XOP^ and the ^IEO^.
Also among those country or regional ETFs trading in oversold territory above the 200-day moving average is the ^EEB^. EEB closed down more than 1% on Thursday.