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 ( EWZ | Quote | Chart | News | PowerRating) was up by more than 5% on Friday. EWZ has a 2-period RSI of more than 80.

Also higher was the iShares S&P Latin America 40 Index, ILF ( ILF | Quote | Chart | News | PowerRating), which gained more than 3% in its third consecutive up day.

The Select Energy Sector SPDRS, XLE ( XLE | Quote | Chart | News | PowerRating), had climbed by more than 3% intraday before pulling back slightly going into the close. Up for three days in a row and trading below the 200-day moving average, XLE has a 2-period RSI of more than 80.

The gains in energy shares have helped the ProShares UltraShort Oil & Gas exchange-traded fund, DUG ( DUG | Quote | Chart | News | PowerRating) pulled back by more than 5% on Friday. DUG is trading above its 200-day moving average, and now has a 2-period RSI of less than 20.

Select Basic Materials Sector SPDRS, XLB ( XLB | Quote | Chart | News | PowerRating), continued to bound higher, gaining more than 3% and becoming increasingly overbought. Aggressive traders may want to take a look at the ProShares UltraShort Basic Materials ETF, SMN ( SMN | Quote | Chart | News | PowerRating), which pulled back by more than 7% on Friday and remains above its 200-day moving average.

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 ( UUP | Quote | Chart | News | PowerRating), now has a 2-period RSI of less than 20.

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