TradingMarkets 7 ETFs You Need to Know for Monday
With volatility continuing to be mild, major moves in ETFs were few and far between. Pullbacks were most pronounced in leveraged ETFs such as the Direxion Daily 3x Financial Bull Shares
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Here are 7 ETFs You Need to Know for Monday.
Among the bigger pullbacks among the major non-leveraged equity index ETFs was the more than 1% intraday drop in the iShares Russell 2000 Index ETF
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In addition to the pullback in the FAS, other financial ETFs were also on the retreat on Friday and may become officially oversold in the days to come should the weakness continue. These include the Regional Banking HOLDRs
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Off by more than 1% late in trading and into oversold territory above the 200-day moving average is the Market Vectors Agribusiness ETF
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Know your exchange-traded fund! The SPDR S&P Biotech ETF
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Here’s another reason to check under the hood of your exchange-traded fund to make sure it is what you think it is. The Market Vectors Gold Miners ETF
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PowerRating). Both GDX and GLD were up on the day on Friday.
Join Larry Connors live, Monday at 1 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, E-minis and building a full trading plan – along with 4 weeks of live trading.
In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.
If you’d like to attend the presentation, you can register here.
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