Selling in the energy sector helped markets continue to pull back on Friday. Closing below Thursday's lows and into oversold territory above the 200-day moving average were equity index ETFs such as the Dow DIAMONDS ETF ( DIA | Quote | Chart | News | PowerRating) and the iShares Russell 2000 Index ETF ( IWM | Quote | Chart | News | PowerRating).
Among country exchange-traded funds, Asian country funds were stronger while European country ETFs like the iShares MSCI France Index Fund ETF ( EWQ | Quote | Chart | News | PowerRating) lost more than 1% and are increasingly oversold.
Here are 7 ETFs You Need to Know for Monday.
Making its third consecutive lower close on Friday, the Energy Select Sector SPDRS ETF ( XLE | Quote | Chart | News | PowerRating) fell less than 1% after rallying from lowest levels of the day.
Among the country ETFs pulling back on Friday were the iShares MSCI Germany Index Fund ETF ( EWG | Quote | Chart | News | PowerRating) and the iShares MSCI Australia Index Fund ETF ( EWA | Quote | Chart | News | PowerRating), which earned an ETF PowerRating upgrade to 9 on the close.
After closing lower for three days in a row, the Consumer Discretionary Select Sector SPDRS ETF ( XLY | Quote | Chart | News | PowerRating) ended up on the day Friday, though still oversold and below Thursday's closing levels.
Other energy related exchange-traded funds earning ETF PowerRatings upgrades on Friday were the iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF ( IEZ | Quote | Chart | News | PowerRating) and the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP | Quote | Chart | News | PowerRating). Both exchange-traded funds earned ETF PowerRatings upgrades to 9 on Friday.
Another day, another new short term high for the SPDR Gold Trust ETF ( GLD | Quote | Chart | News | PowerRating), which outperformed ETFs representing the stocks of actual mining companies on Friday.
