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You are here: Home / ETFs / Commentary / TradingMarkets 7 ETFs You Need to Know for Monday

TradingMarkets 7 ETFs You Need to Know for Monday

March 26, 2010 by David Penn

Materials were up on the final trading day of the week, as exchange-traded funds like the ^XLB^ and the ^UYM^ rallied from a one-day dip into oversold territory above the 200-day moving average.

Moving deeper into oversold territory above the 200-day were shares of health care stocks, sending funds like the ^VHT^ lower for a third consecutive session.

Here are 7 ETFs You Need to Know for Monday.

Among those exchange-traded funds taking top ETF PowerRatings into trading on Monday are the ^IAT^ and the ^IYT^. Both funds earned ETF PowerRatings upgrades to 9 late in trading on Friday.

The ^TZA^ continued to move higher after dipping into oversold territory earlier in the week.

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Pulling back after closing in extreme overbought territory above the 200-day moving average on Friday was the ^UUP^. The UUP is a favored proxy for the U.S. dollar for both short and intermediate term traders.

The ^USD^ closed for a third consecutive trading day on Friday, with Friday’s close putting the technology-related ETF firmly in oversold territory above the 200-day moving average.

What’s all this about the 200-day moving average? Click here to find out what you need to know about one of the two most important moving averages for short term traders in stocks and exchange-traded funds.

Closing in oversold territory for a second straight session was the ^UWM^

Despite the retreat in the dollar, energy commodity funds remained in oversold territory. This includes top rated exchange-traded funds like the ^IEO^, which slid by more than 1% on Friday before recouping most of its loses. Friday marked the ETF’s second consecutive close in oversold territory above the 200-day moving average.

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Filed Under: Commentary, ETFs, Recent Tagged With: etf funds, ETFs, exchange traded funds, exchange-traded funds

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