TradingMarkets 7 ETFs You Need to Know for Monday

Equity index ETFs representing the S&P 500, Nasdaq 100 and Dow industrials continued to trade in oversold territory above the 200-day moving average on Friday. Among country ETFs pulling back deeper into oversold territory above the 200-day were the biShares MSCI EAFE Index ETF
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and the iShares FTSE/Xinhua China 25 ETF
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.

Here are 7 ETFs You Need to Know for Monday.

Continued weakness in stocks meant a third day in overbought territory below the 200-day moving average for a number of leveraged inverse equity index ETFs such as the ProShares UltraShort Dow 30 ETF
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and the ProShares UltraShort S&P 500 ETF
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.

After closing lower for six trading days in a row, the iShares MSCI Mexico Index Fund ETF
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gained nearly 1% intraday on Friday.

Weaker than expected existing home sales meant a seventh consecutive down day for the SPDR Homebuilders ETF
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. The ETF, which trades above its 200-day moving average, has closed in oversold territory for five straight days.

Strength in the dollar continued to weigh on commodities on Friday, with both the iShares Silver Trust ETF
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and the SPDR Gold Shares ETF
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sliding deeper into oversold territory.

The British Pound continued to lose ground to the U.S. Dollar on Friday, with the CurrencyShares British Pound Sterling Trust
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closing lower for a third consecutive day. FXB reached new 20-day and 55-day lows on Thursday.

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