TradingMarkets 7 ETFs You Need to Know for Monday

Country exchange-traded funds (ETFs) remain the highest rated funds in our ETF PowerRatings database, including funds representing countries and regions from both Europe and Asia. Among these top rated funds are iShares MSCI Brazil Index Fund ETF
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and the Claymore/AlphaShares China Small Cap Index Fund ETF
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.

The most oversold sectors, based on the performance of their exchange-traded funds, are utilities and consumer staples (see the Consumer Staples Select Sector SPDRS ETF
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).

Here are 7 ETFs You Need to Know for Monday.

Both the iShares MSCI Singapore Index Fund ETF
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and the iShares MSCI Malaysia Index Fund ETF
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remain among the most oversold of exchange-traded funds going into trading on Monday.

Country funds representing nations from the Pacific region and Africa are also among the highest ETF PowerRatings funds for the coming week. Both the iShares MSCI South Africa Index Fund ETF
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and the iShares MSCI Pacific ex-Japan Index Fund ETF
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remain at oversold levels going into Monday’s trading.

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Strength in energy shares meant that some of the more oversold ETFs were those leveraged against energy shares. This included exchange-traded funds like the Direxion Energy Bear 3x Shares ETF
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, which will begin trading on Monday at oversold extremes below the 200-day moving average.

Looking for ways to hedge against the downside as markets in the United States become increasingly overbought above the 200-day moving average? Options include inverse exchange-traded funds like the ProShares Short S&P 500 ETF
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and the Rydex Inverse 2x Russell 2000 ETF
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RRZ |
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, which is leveraged 2-to-1 in addition to tracking the inverse of the daily performance of the Russell 2000 index of small cap stocks.

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