TradingMarkets 7 ETFs You Need to Know for Monday
Gains were modest in the majority of ETF markets at week’s end, as trading took a pause in the wake of several consecutive days higher in the S&P 500, Dow industrials and Nasdaq.
Here are 7 ETFs You Need to Know for Monday.
Learn new strategies for ETFs such as these in Larry Connors’ new book, High Probability ETF Trading.
Most of the pullbacks above the 200-day moving average continue to be found in commodity or commodity-based ETFs. Slipping into oversold territory above the 200-day moving average on Friday were both the PowerShares DB Oil Fund
(
DBO |
Quote |
Chart |
News |
PowerRating) and the PowerShares DB Base Metals Fund
(
DBB |
Quote |
Chart |
News |
PowerRating).
Among the ETF funds of the day for traders who use exchange-traded funds to get exposure to the forex markets to keep an eye on is the CurrencyShares Japanese Yen Trust ETF
(
FXY |
Quote |
Chart |
News |
PowerRating), which soared by more than 1% on Friday. FXY closed at its highest levels since February.
Rallying to a new year-to-date high on Friday was the iShares iBoxx High Yield Corporate Bond Fund ETF
(
HYG |
Quote |
Chart |
News |
PowerRating)
Much of Thursday’s rally in the United States Natural Gas Fund
(
UNG |
Quote |
Chart |
News |
PowerRating) was reversed by aggressive sellers on Friday, who took the ETF down by more than 5% late in trading.
Among the few overbought ETFs still trading below their 200-day moving averages is the SPDR KBW Regional Banking ETF
(
KRE |
Quote |
Chart |
News |
PowerRating), up over more than 3% over the past two days. Up more than 2% over the past two days and overbought below its 200-day is the iShares Barclays 20+ Year Treasury Bond ETF
(
TLT |
Quote |
Chart |
News |
PowerRating).
Click here to start your free trial to Larry Connors’ High Probability ETF Trading Software today!