TradingMarkets 7 ETFs You Need to Know for Friday

Like stocks, few exchange-traded funds were making major moves on the shortened trading day of Christmas eve. This provides an opportunity to point out a number of ETFs based on such non-equity markets as bonds, international currencies and precious metals that ETF traders and investors may want to learn more about in time for 2009.

Here are 7 ETFs You Need to Know for Friday.

Closing lower for the past five days in a row, the Dow Diamonds ETF, DIA ( DIA | Quote | Chart | News | PowerRating) are now more oversold than at any time in the past month based on their 2-period RSI.

Legendary investors Jim Rogers told Bloomberg TV that he was looking to short U.S. Treasuries and buy the Japanese yen. We highlighted the ETF for the Japanese yen in Tuesday's TradingMarkets 7 ETFs You Need to Know. ETF traders and investors looking to follow the other side of Jim Rogers' plan for 2009 may want to look at ETFs such as the iShares Lehman 20+ Year Treasury Bond ETF, TLT ( TLT | Quote | Chart | News | PowerRating) or an inverse bond ETF like the ProShares UltraShort Lehman 20+ Year Treasury Bond ETF, TBT ( TBT | Quote | Chart | News | PowerRating).

Commodity trading and investing isn't just for futures traders any more, either. Thanks to ProShares, stock and ETF traders can now get inverse exposure to precious metals like gold and silver through a new pair of short ETFs: the ProShares UltraShort Gold ETF, GLL ( GLL | Quote | Chart | News | PowerRating) and the ProShares UltraShort Silver ETF, ZSL ( ZSL | Quote | Chart | News | PowerRating).

According to a recent report, eight out of ten securities traded are exchange-traded funds. Want to learn how to trade them? Click here to find out what traders are saying about Larry Connors' new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

David Penn is Editor-in-Chief at TradingMarkets.com

1.	Greek Protests, End of Week Profit-Taking Send US Stocks Lower
2.	Will Greek Debt Deal Keep Stocks Sailing?
3.	Market Pauses as Greek Debt Deal Misses Deadline
4.	With Bulls in Control, Market Rallies to Overbought Extremes
5.	Positive Economic News Keeps Stocks Aloft
6.	Market Reality Check Follows Strong January
7.	Stocks Trade Down with Europe, Up with the Nasdaq
8.	Europe Back on the Agenda
9.	One Prospective RIA's Journey
10.	The "Buy First and Ask Questions Later" Rally

Name	Symbol	PR
Air Transport Services	ATSG	10
Benchmark Electronics	BHE	10
Caribou Coffee Company Inc	CBOU	10
Cepheid	CPHD	10
Commercial Vehicle Group Inc	CVGI	10
Dana Holding Corporation	DAN	10
Fushi Copperweld, Inc.	FSIN	10
Gtx	GTXI	10
Ista Pharmaceuticals Inc	ISTA	10
iShares Dow Jones Transportation Average Index Fund	IYT	10

TradingMarkets 7 ETFs You Need to Know for Friday

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