TradingMarkets 7 ETFs You Need to Know for Monday
Rough winter weather kept trading at holiday levels on the final trading day of the week. But that didn’t stop a number of exchange-traded funds from earning top ETF PowerRatings ahead of Monday’s open. Among these ETFs are country funds like the ^EWT^ and sector funds like the ^XLU^.
Also earning an ETF PowerRating upgrade to 8 or higher was the ^SMH^, which reversed back to the downside after advancing on Thursday.
Here are 7 ETFs You Need to Know for Monday.
Earning top ETF PowerRatings in advance of trading on Monday are the ^TUR^ and the ^GUR^. Both funds remain among our highest rated ETFs despite being downgraded from top scores of 10 during Friday’s trading.
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Energy-based exchange-traded funds joined the growing ranks of top ETF PowerRatings funds on Friday, with the ^VDE^ and the ^XLE^ both earning ETF PowerRatings upgrades at the end of the week.
Among inverse leveraged ETFs representing the major equity indexes, the ^QID^ is one of the few to close in oversold territory on Friday.
The most oversold ETF in our database? Other than the XLU and the UUP – already noted – the ^XLB^ is among the few oversold ETFs ahead of trading on Monday.
Pulling back into oversold territory above the 200-day moving average on Friday was the ^UUP^.
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