TradingMarkets 7 ETFs You Need to Know for Monday
Sellers stepped in to take gains in wildly overbought ETF markets on the final trading day of the week. Among those exchange-traded funds pulling back into oversold territory on Friday were the ^SPY^ and the ^IWM^.
By sector, energies were making the biggest pullbacks ahead of trading on Monday. Up more than 2% by midday Friday was the ^DUG^.
Here are 7 ETFs You Need to Know for Monday.
Among the exchange-traded funds taking top ETF PowerRatings into trading on Monday are the ^XHB^ and the ^ILF^. Both ETFs earned ETF PowerRatings upgrades to 9 late in trading on Friday.
Also sliding into oversold territory was the ^ERX^, which closed lower for a second consecutive trading day on Friday.
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Precious metals ETFs were also among those pulling back on Friday. Down well over 1% on the day was the ^GLD^.
The ^EWZ^ closed in oversold territory above the 200-day moving average for the second consecutive session on Friday. EWZ was highlighted in yesterday’s TradingMarkets Most Overbought and Oversold ETFs for Today and 7 ETFs You Need to Know as one of the more oversold country ETFs in our database of exchange-traded funds.
Also earning top ETF PowerRatings ahead of trading on Monday is the ^PID^.
Bouncing back from oversold extremes on Friday was the ^VXX^. The VXX had become increasingly stretched below its 10-day moving average over the past three days.