New book by Larry Connors Click here Improve your trading - See how
| TradingMarkets.com
From a sector perspective, the markets were little changed. Internationally, however, a number of country ETF continued to rebound from recent oversold extremes above the 200-day moving average.
Here are 7 ETFs You Need to Know for Monday
Reflecting the relatively unchanged nature of the markets on Friday, the S&P 500 SPDR ETF (SPY | Quote | Chart | News | PowerRating) was trading at breakeven levels for much of the trading day, allowing overbought conditions to wane. Pulling back one day after reaching overbought territory below the 200-day moving average was the ProShares Ultra S&P 500 ETF (SSO | Quote | Chart | News | PowerRating).
Up for a second day in a row after reaching oversold extremes above the 200-day earlier in the week were the iShares FTSE/Xinhua China 25 ETF (FXI | Quote | Chart | News | PowerRating) and the iShares MSCI Brazil Index ETF (EWZ | Quote | Chart | News | PowerRating).
Technology shares continued to be in demand, driving the Technology Select Sector SPDR ETF (XLK | Quote | Chart | News | PowerRating) higher for a third consecutive trading day above the 200-day moving average.
Although making higher intraday highs over the past few days, the iShares Silver Trust ETF (SLV | Quote | Chart | News | PowerRating) continues to close lower on an open-to-close basis, doing so for the seventh day in a row. Similarly listless trading can be see in the SPDR Gold Shares ETF (GLD | Quote | Chart | News | PowerRating). Both ETFs are trading above their 200-day moving averages.
ETFs are a fast growing asset class and you need to improve your ETF trading with quantified strategies. High Probability ETF Trading will give you the edge with 7 quantified strategies that have been back tested in model portfolios – click to buy now.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
