TradingMarkets 7 ETFs You Need to Know for Monday

The fall in commodities prices across the board was the big story in the exchange-traded fund world. Declines in gold, crude oil and agricultural commodities resulted in pullbacks in many commodity-related ETFs - and bounces higher in those commodity-related ETFs that are indexed to the inverse of the underlying commodity index. Most stock-based exchange-traded funds were up or down only slightly, with the exception being some of the ETFs indexed to stock markets in Latin America which were significantly lower.

Here are 7 ETFs You Need to Know for Monday

The PowerShares DB Agriculture Fund, DBA (DBA | Quote | Chart | News | PowerRating), lost more than 3% on Friday, responding to dramatically overbought conditions that developed on Wednesday.

Perennial traders' favorite, the ProShares UltraShort Oil & Gas ETF, DUG (DUG | Quote | Chart | News | PowerRating) was among the better performing of the widely-traded funds, gaining more than 3% and moving back up toward its recent highs.

Reflecting continued weakness overseas in Latin America, the iShares Brazil Index Fund, EWZ (EWZ | Quote | Chart | News | PowerRating) resumed its descent on Friday, losing nearly 3% and closing at new lows. The iShares S&P Latin America 40 Index ETF, ILF (ILF | Quote | Chart | News | PowerRating) was also lower, losing nearly 2%.

The PowerShares QQQ Trust ETF, QQQQ (QQQQ | Quote | Chart | News | PowerRating), continues its progress above the 200-day moving average, closing above that level for the sixth consecutive time. The QQQQ has not had this many consecutive closes above the 200-day moving average since late May.

The move lower in gold has contributed toward more selling in the Select Gold Shares SPDRs, GLD (GLD | Quote | Chart | News | PowerRating), which were down more than 2% on the day en route to lower lows for the month.

Trading below their 200-day moving average and once again overbought, the Select Technology Sector SPDRs, XLK (XLK | Quote | Chart | News | PowerRating), were higher again on Friday.

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