TradingMarkets 7 ETFs You Need to Know for Monday

Utilities and energy stocks were among Friday’s best performing sectors as stocks reversed back to the upside. Profit-taking in inverse/short funds has been dramatic in many instances.

Here are 7 ETFs You Need to Know for Monday.

The iShares Dow Jones Utilities Index fund, IDU
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, was among the better performing exchange-traded funds on Friday, closing higher by more than 3%.

Goldman Sachs
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lowered profit estimates for the S&P 500 for both 2008 and 2009. In addition to the S&P 500 SPDRS, SPY
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, traders looking for S&P 500 exposure also have turned to the ProShares Ultra S&P 500 ETF, SSO
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and the iShares S&P 500 Index Trust, IVV
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.

Traders looking to hedge S&P 500 positions or investments – as well as for exposure to the downside – may want to consider the ProShares Short S&P 500 exchange-traded fund, SH
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.

Up after moving lower for the past two days, the Select Energy Sector SPDRS, XLE
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gained more than 2% as money flowed back into the sector.

Emerging markets bounced from yesterday’s oversold extreme conditions, with exchange-traded funds such as the iShares MSCI Taiwan Index fund, EWT
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, adding more than 5% late in trading on Friday.

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