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 |
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PowerRating) and the Semiconductor HOLDRS ETF
(
SMH |
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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 |
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PowerRating).
Pressing higher for a second day were health care ETFs such as the iShares Dow Jones U.S. Health Care Index ETF
(
IYH |
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News |
PowerRating) and the Health Care Select Sector SPDR ETF
(
XLV |
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PowerRating). Biotech ETFs like the SPDR S&P Biotechnology ETF
(
XBI |
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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 |
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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.
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