TradingMarkets 7 ETFs You Need to Know for Monday
U.S. markets finished the week on a quiet note while the dollar continued to gain. Sector-wise, technology and financials were among the top destinations for buyers, with the ProShares Ultra Technology ETF
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PowerRating) up more than 2% and the ProShares Ultra Financials ETF
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PowerRating) gaining more than 1%.
Here are 7 ETFs You Need to Know for Monday.
Both the S&P 500 SPDRS ETF
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PowerRating) and the Dow DIAMONDS ETF
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PowerRating) slid deeper into oversold territory above the 200-day moving average on Friday.
Among the top ETF PowerRatings funds for Monday are the iShares MSCI Brazil Index Fund ETF
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PowerRating) and the Claymore/BNY BRIC ETF
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PowerRating), both of which have earned ETF PowerRatings of 9.
What are the two most important moving averages for high probability ETF traders? Click here to find out.
Entering its second consecutive session with a 2-period RSI of less than 2 – reflecting oversold extremes not often seen in exchange-traded funds – the iShares FTSE/Xinhua China 25 ETF
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The most oversold ETF going into trading on Monday? The iShares MSCI Hong Kong Index Fund ETF
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PowerRating) has a 2-period RSI of 0.69 – the lowest in our ETF database.
While most precious metals related ETFs bounced out of oversold territory on Friday, other commodity related funds like the Market Vectors Agribusiness ETF
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PowerRating) remain oversold. MOO tracks the prices of agribusiness stocks like Archer Daniels Midland
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PowerRating).