Selling pressure has moved from technology to the financials as exceptionally overbought ETFs like the ProShares Ultra Financials ETF, UYG pulled back by well over 1% to finish the week. By contrast, the ProShares Ultra Technology ETF, ROM fared much better.
Tumbling Tech? Top Sector Opportunities for High Probability Traders
When it comes to oversold sectors, find out which funds are at the top of the list for high probability traders to keep an eye on today.