Health care was the sector experiencing the most significant pullbacks on Friday. This meant lower prices for exchange-traded funds (ETFs) like the iShares Dow Jones U.S. Healthcare Sector Index Fund (IYH) and the Vanguard Health Care ETF (VHT).
Still among the more overbought of the major equity index ETFs is the iShares Russell 2000 Index Fund (IWM) .
Here are 7 ETFs You Need to Know for Monday
Earning top ETF PowerRatings ahead of trading on Monday is the PowerShares India Portfolio (PIN). PIN earned an ETF PowerRatings upgrade from 5 to 8 late in trading on Friday.
Leveraged funds for traders interested in tracking and trading small caps include the ProShares Ultra Russell 2000 (UWM), which is leveraged 2 to 1, and the Direxion Daily Small Cap Bull 3x Shares (TNA), which is leveraged 3 to 1.
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Closing for a second day in oversold territory above the 200-day moving average on Friday was the PowerShares DB US Dollar Bullish Fund (UUP).
Soaring by nearly 2% on Friday after a one-day dip into oversold territory on Thursday was the Market Vectors Agribusiness ETF (MOO). MOO was highlighted in yesterday's TradingMarkets Most Overbought and Oversold ETFs for Friday column.
But despite the dollar's retreat, many other commodity-related ETFs continued deeper into oversold territory. This includes the Market Vectors Gold Miners ETF (GDX) and the very oversold SPDR Gold Shares (GLD), which has closed in oversold territory for five consecutive trading days.
