TradingMarkets 7 ETFs You Need to Know for Monday

Buyers remained on the offensive to finish the week, with materials and financials among the sectors most in demand. This meant higher prices for the ^XLB^, which closed higher for a fourth consecutive trading session, as well as the ^IAI^, which moved back into overbought territory below the 200-day moving average on Friday.

Also overbought below its 200-day moving average is the country ETF for Germany, the ^EWG^.

Here are 7 ETFs You Need to Know for Monday.

The ^SPY^ closed in overbought territory again on Friday, making it the fourth consecutive close at these extremes. At the same time, closing in extreme oversold territory for a third straight session was the ^SDS^.

Among the few significant ETF PowerRatings upgrades on Friday was the upgrade from 3 to 6 by ^PGJ^.

Bond exchange-traded funds remain the most oversold above the 200-day moving average going into Monday’s trading. This includes the ^AGG^ and the ^TIP^.

While the economy continues to produce a record number of foreclosures, homebuilder ETFs like the ^XHB^ climbed into overbought territory above the 200-day to end the week.

After three days in overbought territory below the 200-day moving average, the ^FXI^ finally gave way to selling. The ETF slid by well over 1% on Friday.

Isn’t it time you gave ETF PowerRatings a try? Our top-rated ETFs have been correct nearly 80% of the time since 2003. Click here to launch your free, 7-day trial to our ETF PowerRatings today!

Leverage the phenomenal growth in ETFs, with ETF PowerRatings! A powerful ETF rating service with nearly 80% winning trades since 2003. Click here for your free 7 day trial.