TradingMarkets 7 ETFs You Need to Know for Monday

The announcement of a civil suit launched by the Securities and Exchange Commission against ^GS^ provided an opportunity for overbought markets to sell-off at week’s end. Financials understandably bore the brunt of the selling, sending exchange-traded funds like the ^UYG^ down by more than 6% and inverse leveraged ETFs like the ^FAZ^ soaring by more than 10% late in the trading day.

Country funds that had been moving lower earlier in the week accelerated their pullbacks on Friday. Closing in oversold territory above the 200-day moving average was the ^EWZ^.

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Here are 7 ETFs You Need to Know for Monday.

Among the ETFs taking top ETF PowerRatings into trading on Monday are the ^XME^ and the ^SLX^. Both funds earned major three-point PowerRatings upgrades over the course of trading on Friday.

But among the biggest ETF PowerRatings upgrades of the day were those in the ^FXI^ and the ^PIN^, which earned four point upgrades ahead of trading on Monday.

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The most oversold exchange-traded funds in our database? With Friday’s sell-off, the ^PPH^ and the ^MOO^ are both near the top of our list of ETFs that have made the most significant pullbacks.

Many of the highest rated leveraged ETFs for Monday are in the materials sector. This includes funds like the ^AGQ^, which dropped by more than 7% on Friday.

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