TradingMarkets 7 ETFs You Need to Know for Monday

Early pullbacks in technology ETFs hinted at potential opportunities in oversold funds trading above their 200-day moving average, though many funds rallied late. Country ETFs tended to move laterally – with enduring overbought conditions in many instances – after impressive moves higher on Thursday.

Here are 7 ETFs You Need to Know for Monday.

Buyers arrived to boost a number of technology ETFs away from intraday dips toward oversold territory above the 200-day on Friday. These ETFs include the Technology Select Sector SPDR ETF
(
XLK |
Quote |
Chart |
News |
PowerRating)
and the Semiconductor HOLDRS ETF
(
SMH |
Quote |
Chart |
News |
PowerRating)
.

Bond ETFs slid toward oversold conditions above the 200-day moving average on Friday. Among the more oversold is the iShares Barclays Aggregate Bond ETF
(
AGG |
Quote |
Chart |
News |
PowerRating)
.

Pressing higher for a second day were health care ETFs such as the iShares Dow Jones U.S. Health Care Index ETF
(
IYH |
Quote |
Chart |
News |
PowerRating)
and the Health Care Select Sector SPDR ETF
(
XLV |
Quote |
Chart |
News |
PowerRating)
. Biotech ETFs like the SPDR S&P Biotechnology ETF
(
XBI |
Quote |
Chart |
News |
PowerRating)
also closed up for a second consecutive session. All three ETFs are trading above their 200-day moving averages and gained more than 1% on Friday.

The iShares MSCI Taiwan Index ETF
(
EWT |
Quote |
Chart |
News |
PowerRating)
is among the most oversold of the country ETFs, pulling back by well over 1% on Friday.

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.

Want updates on our latest articles? Have something to say to David Penn or

the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets. You can also join the

discussion on Facebook by logging onto our fanpage

.