TradingMarkets 7 ETFs You Need to Know for Monday
A volatile Friday saw stocks lose much of their late session gains, causing many short and leveraged short ETFs to rally from their intraday lows in the final hour of trading. Also notable on Friday was strength in commodities such as energies and agriculture.
Here are 7 ETFs You Need to Know for Monday.
Strength in energy shares led the Select Energy Sector SPDRS, XLE
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Also below its 5- and 200-day moving averages – though higher on the day – was the ProShares Ultra Technology ETF, ROM
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Buying in the U.S. dollar continues to put pressure on precious metals. The iShares Silver Trust ETF, SLV
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The iShares Brazil Index fund, EWZ
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The PowerShares QQQ Trust ETF, QQQQ
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A deep pullback in the ProShares UltraShort Utilities exchange-traded fund, SDP
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Another area of commodity strength was in agriculture, leading to a gain of more than 3% in exchange-traded funds such as the PowerShares DB Agriculture Fund, DBA
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