TradingMarkets 7 ETFs You Need to Know for Friday

U.S. markets reversed intraday after opening significantly lower on Thursday to close near session highs. Relative to the S&P 500 and the Nasdaq 100, the Dow industrials – as represented by the ^DIA^ – lagged behind, though just outside oversold territory.

From a sector perspective, sellers were more aggressive in the financial sector than others, leading to a modest loss for the ^XLF^. Buyers bid slightly higher consumer staples stocks, giving a boost to ETFs like the the ^UGE^.

Here are 7 ETFs You Need to Know for Friday.

Among the country ETFs pulling back into oversold territory ahead of trading on Friday are the ^EWT^ and the ^EWY^.

Also very oversold above the 200-day moving average is the ^RSX^, which closed in oversold territory despite reversing on the day to close near session highs.

Learn how to trade exchange-traded funds like EWT, EWY and RSX. Click here to try our High Probability Trading Software free for 14 days.

Gold and precious metals based exchange-traded funds that had moved into oversold territory in recent days rallied on Thursday. The ^GLD^ was among many gold ETF gainers after closing in oversold territory for the past two days in a row.

The most oversold exchange-traded fund in our database going into Friday’s trading? The ^ITB^ has closed in oversold territory for three days in a row.

Closing for a third day in oversold territory above the 200-day moving average was the ^XHB^.

The ^XBI^ slid back into oversold territory on Thursday, despite reversing higher over the course of the trading day.

Nearly 80% winning trades since 2003! Introducing ETF PowerRatings, a simple and powerful rating service, that ranks ETFs from 1 to 10. Get your 7 day free trial – Click Here.