TradingMarkets 7 ETFs You Need to Know for Monday
Selling continued in the health care sector and financials were lower as well on a day when the major markets struggled to recover losses from early in the session. Precious metals ETFs remained on the retreat, as did many bond exchange-traded funds.
Here are 7 ETFs You Need to Know for Monday.
Although up from their lowest levels on Friday, financial stocks remained under selling pressure, with shares of Bank of America
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Also lower was the Rydex S&P 500 Equal Weight Financials ETF
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The President’s plan to overhaul the nation’s expensive health care system has helped make health care stocks in general a lot less expensive over the past two days. Down big on Thursday, health care stocks were on the retreat again on Friday. This mean pullbacks for health care exchange-traded funds like the iShares Dow Jones U.S. Healthcare Sector Index Fund ETF
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Caught up in the selling in health care stocks were biotechnology stocks, which had been among the more popular sectors for investors and traders until the group topped in early February. Continuing lower on Friday and increasingly oversold below the 200-day moving average is the S&P Biotechnology SPDRS ETF
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The CurrencyShares Japanese Yen Trust ETF
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After closing higher for three consecutive sessions, the PowerShares DB Agriculture Fund ETF
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Closing in overbought territory below the 200-day moving average for the second day in a row was the iShares MSCI Brazil Index Fund ETF
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PowerRating), which was up modestly on Friday.
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