Health care was the sector experiencing the most significant pullbacks on Friday. This meant lower prices for exchange-traded funds (ETFs) like the ^IYH^ and the ^VHT^.
Still among the more overbought of the major equity index ETFs is the ^IWM^ .
Here are 7 ETFs You Need to Know for Monday
Earning top ETF PowerRatings ahead of trading on Monday is the ^PIN^. PIN earned an ETF PowerRatings upgrade from 5 to 8 late in trading on Friday.
Leveraged funds for traders interested in tracking and trading small caps include the ^UWM^, which is leveraged 2 to 1, and the ^TNA^, which is leveraged 3 to 1.
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Closing for a second day in oversold territory above the 200-day moving average on Friday was the ^UUP^.
Soaring by nearly 2% on Friday after a one-day dip into oversold territory on Thursday was the ^MOO^. MOO was highlighted in yesterday’s TradingMarkets Most Overbought and Oversold ETFs for Friday column.
But despite the dollar’s retreat, many other commodity-related ETFs continued deeper into oversold territory. This includes the ^GDX^ and the very oversold ^GLD^, which has closed in oversold territory for five consecutive trading days.