TradingMarkets 7 ETFs You Need to Know for Monday
Selling in financials was the most pronounced. But selling pressure was widespread as traders and investors continued to flee equities for perceived safer havens in gold and bonds.
Here are 7 ETFs You Need to Know for Monday.
The specter – or savior – of bank nationalizations remains unresolved, encouraging investors and traders to unload financial stocks until further notice. This means losses for financial ETFs like the ProShares Ultra Financials ETF
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KRE |
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Sellers were also dominant in the energy sector, leading to lower levels for the iShares S&P Global Energy ETF
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IXC |
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FP |
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BP |
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IYE |
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With gold prices crossing the $1,000 level on Friday, traders took advantage of the relative under performance of the gold mining shares by way of ETFs like the Market Vectors Gold Miners ETF
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GDX |
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And if you think that precious metals have gone too far too fast – or if you want to hedge positions in gold and silver, consider an inverse precious metals fund like the ProShares UltraShort Gold ETF
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GLL |
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The pullback in corporate bonds entered its third day on Friday, creating extremely oversold conditions above the 200-day moving average for the iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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PowerRating).
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