TradingMarkets 7 ETFs You Need to Know for Monday

A low volatility, shortened holiday trading week led lackluster, relaxed trading. It looks like the S&P 500 SPY will close slightly down or flat for the day on Friday. The Christmas season, traditionally a time for elation among retailers, was depressing this year as consumers made dramatic spending cuts on clothing, electronics and jewelry. If you’re seeking to capitalize or fade this slump, the Retail Holders
(
RTH |
Quote |
Chart |
News |
PowerRating)
or Consumer Discretionary
(
XLY |
Quote |
Chart |
News |
PowerRating)
would be your weapons of choice.

Amazingly, both have held up well on the charts, hugging above their 50-day Simple Moving Averages. Time will tell if they will get knocked down or are signaling sector improvement in the near future.

Traders looking to step into the international stock arena may want to visit the Austria iShare
(
EWO |
Quote |
Chart |
News |
PowerRating)
. It was a top performer Friday and just starting to pierce its 50-day Simple Moving Average on the price chart.

Currency traders looking to trade FX without opening an FX account can look at Currency Shares Euro Trust
(
FXE |
Quote |
Chart |
News |
PowerRating)
for the Euro which is starting to climb back after an earlier gap down from near the 200 day Simple Moving Average. More adventures currency traders may want to look at Currency Shares Mexico Peso
(
FXM |
Quote |
Chart |
News |
PowerRating)
which is hugging the 50 day Simple Moving Average on a slight downtrend. $75.00/share is an important support level in FXM.

Oil prices have been plummeting. Savvy traders may want to look closely at ProShares UltraShort DJ-AIG Crude Oil
(
SCO |
Quote |
Chart |
News |
PowerRating)
. If your down on the commodity complex as a whole, the ProShares UltraShort DJ-AIG Commodity
(
CMD |
Quote |
Chart |
News |
PowerRating)
would fit the bill.

According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to find out what traders are saying about Larry Connors’ new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

David Goodboy is Vice President of Marketing for a New York City based multi-strategy fund.