TradingMarkets 7 ETFs You Need to Know for Monday
Emerging markets, basic materials and energy shares were on the rebound on Friday, bringing gains to those exchange-traded funds providing traders with exposure to these markets.
The rallies in basic materials and energy stocks have also provided for pullbacks in a number of short and leveraged short exchange-traded funds that are trading above their 200-day moving averages. These rallies have also resulted in a number of overbought ETFs, that traders may want to be wary of in the near-term.
Here are 7 ETFs You Need to Know for Monday
Up for a third day in a row, the iShares Brazil Index fund, EWZ
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Also higher was the iShares S&P Latin America 40 Index, ILF
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The Select Energy Sector SPDRS, XLE
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The gains in energy shares have helped the ProShares UltraShort Oil & Gas exchange-traded fund, DUG
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Select Basic Materials Sector SPDRS, XLB
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Trading above its 200-day moving average and closing below its 5-day moving average for the first time since mid-August, the PowerShares DB USD Bullish ETF, UUP
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