TradingMarkets 7 ETFs You Need to Know for Monday
Sector-wise, buyers were most aggressive in the energies and materials patches, bidding ETFs in both those sectors higher. Among the major indexes, the smaller stocks of the Russell 2000 were outperforming their larger counterparts in the S&P 500 and Dow industrials.
Here are 7 ETFs You Need to Know for Monday.
The iShares Russell 2000 Index ETF
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IWM |
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PowerRating) edged back into overbought territory below the 200-day moving average on Friday. The same can be said for the ProShares Ultra Rusell 2000 ETF
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UWM |
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PowerRating), which had traded in a tight, two-point range since mid-May.
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Exchange-traded funds (ETFs) based on the BRIC countries of Brazil, Russia, India and China continue to rally above their 200-day moving averages. The Market Vectors Russia ETF
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RSX |
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PowerRating) gained well over 2% on Friday, while the India Fund
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IFN |
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PowerRating) soared by more than 3%.
Up by more than 3% was the iShares Silver Trust ETF
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SLV |
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PowerRating) on Friday, reflecting continued interest in the materials sector. The iShares Silver Trust tracks the actual price of silver rather than the share prices of silver mining companies.
Closing for a second day in overbought territory below the 200-day moving average was the ProShares Ultra Basic Materials ETF
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UYM |
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PowerRating)
Traders looking for an entry opportunity in the PowerShares DB Agriculture ETN
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DBA |
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PowerRating) will have to wait another day for their pullback. DBA is at its most overbought levels since it rallied above its 200-day moving average in mid-May.
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