Buyers were more attracted to financial and technology shares, helping both the Direxion Financial Bull 3x Shares and the ProShares Ultra Technology ETF gain on Monday.

Energy ETFs were up on the final trading day of the week with the Energy Select Sector SPDR ETF closing higher for a second day in a row. Among leveraged ETFs, the biggest PowerRatings upgrades were found in the ProShares Trust II DJ-AIG Crude Oil Fund.

Aggressive buying in financials led to financial ETFs like the Direxion Financial Bull 3x Shares gaining more than 3% on the day. Gold strength also continued to make leveraged inverse ETFs like the PowerShares DB Gold Double Short ETN among the highest rated leveraged ETFs ahead of trading on Friday.

Energy ETFs like the iShares Dow Jones U.S. Energy Sector Index Fund ETF experienced the most aggressive selling in the form of short-term profit-taking. While, the ProShares Ultra Oil &Gas ETF pulled back after closing higher for six consecutive days.

Buyers were especially aggressive in the financial sector, sending the Financial Select Sector SPDR ETF higher by more than 1%. Meanwhile the iShares S&P U.S. Preferred Stock Index Fund ETF is among those most under selling pressure.

U.S. markets are back in overbought territory with Energy-based ETFs like the Direxion Energy Bull 3x Shares ETF closing overbought for a fifth straight day above the 200-day moving average.

Traders will again find many overbought funds when trading begins on Monday. Among the funds taking top ETF PowerRatings into trading on the day are a pair of biotechnology funds: the SPDR S&P Biotech ETF and the First Trust AMEX Biotechnology Index Fund.