TradingMarkets 7 ETFs You Need to Know for Monday
After a quick start, U.S. markets turned down going into midday before rallying somewhat into the close. This leave equity index ETFs like S&P 500 SPDRS ETF
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PowerRating) and the Dow DIAMONDS ETF
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PowerRating) in neutral territory going into the new week.
Among sectors, buyers were most aggressive in the financial sector, helping oversold funds like the ProShares Ultra Financials ETF
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PowerRating) gain more than 3%.
Here are 7 ETFs You Need to Know for Monday.
The highest rated country ETFs for next week? The iShares MSCI South Africa Index Fund ETF
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Bond ETFs continue to be among the most oversold as a group, with both the iShares Barclays Aggregate Bond ETF
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PowerRating) and the iShares iBoxx Investment Grade Corporate Bond ETF
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PowerRating) closing in oversold territory above the 200-day moving average on Friday.
Looking for a market to sell short? Stop looking above the 200-day moving average and consider exchange-traded funds (ETFs) like the PowerShares DB U.S. Dollar Index Bullish Fund ETF
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PowerRating) and the ProShares UltraShort Oil & Gas ETF
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PowerRating), both of which are very overbought below their respective 200-day moving averages.
Precious metals ETFs were under exceptional selling pressure on Friday. The SPDR Gold Trust ETF
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