TradingMarkets 7 ETFs You Need to Know for Monday

Technology continues to be among the sectors where traders are willing to test the waters, leading markets out of early morning lows on Friday.

Here are 7 ETFs You Need to Know for Monday.

With both Exxon Mobil
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and Chevron Corporation
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reporting earnings late next week, traders will be watching exchange-traded funds such as the iShares Dow Jones U.S. Energy Index ETF, IYE
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in the days leading up to the announcements.

The upside earnings surprise from Google
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helped put a positive spin on stocks in the technology sector, sending higher shares of technology ETFs like the ProShares Ultra Technology ETF, ROM
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, which is leveraged two-to-one to the Dow Jones U.S. Technology Index.

The rising price of gold – and the fact that Dow Chemical
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has agreed to complete its acquisition of Rohm & Haas
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– helped boost materials stocks on Friday. This meant lower levels for the ProShares UltraShort Basic Materials ETF, SMN
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, which is trading in an eight-day, six-point range above the 200-day moving average.

Soaring to levels not seen since October 2008 were the Gold Shares SPDRS ETF, GLD
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, which tracks the actual price of gold rather than the prices of gold mining stocks.

A growing appetite for risk on Friday encouraged money flows from safety stocks like Procter & Gamble
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and Wal-Mart
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. Consumer staples ETFs like the Consumer Staples Select Sector SPDRS, XLP
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were down on the day, though up from lowest levels.

Looking for specific exposure to the emerging economies of the Far East? Two exchange-traded funds to consider are the iShares MSCI Singapore Index ETF, EWS
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and the iShares MSCI Malaysia Index ETF, EWM
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.

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