TradingMarkets 7 ETFs You Need to Know for Monday
Sectorwise, financials were higher while sellers remained aggressive in the industrial sector, with the ProShares Ultra Industrials ETF
(
UXI |
Quote |
Chart |
News |
PowerRating) pulling back by more than 2% late in trading on Friday.
Here are 7 ETFs You Need to Know for Monday.
Closing for a second trading day in oversold territory above the 200-day moving average were both the blue chip oriented Dow DIAMONDS ETF
(
DIA |
Quote |
Chart |
News |
PowerRating) and the Nasdaq 100-based PowerShares QQQ Trust ETF
(
QQQQ |
Quote |
Chart |
News |
PowerRating).
After opening lower, the Direxion Daily Financial Bull 3x Shares ETF
(
FAS |
Quote |
Chart |
News |
PowerRating) edged higher intraday by more than 1%. FAS had closed lower for the past three consecutive trading days and had become exceptionally oversold above the 200-day moving average.
Precious metals ETFs also began the day lower, though funds like the SPDR Gold Shares ETF
(
GLD |
Quote |
Chart |
News |
PowerRating) and the iShares Silver Trust ETF
(
SLV |
Quote |
Chart |
News |
PowerRating) struggled to hold on to gains later in the session, with SLV remaining in oversold territory.
Although up on and open-to-close basis in many instances, country ETFs like the iShares MSCI Sweden Index Fund ETF
(
EWD |
Quote |
Chart |
News |
PowerRating) continue to trade at oversold levels above the 200-day moving average and remain among our highest-rated ETF PowerRatings funds.
Also among our top-rated ETFs on Friday was the iShares S&P Europe 350 Index Fund ETF
(
IEV |
Quote |
Chart |
News |
PowerRating) which earned an ETF PowerRating upgrade during trading late in the day.