Hot Stocks to Watch Monday
The PowerShares DB Agriculure Fund, DBA (AMEX:DBA), 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 (AMEX:DUG) 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 (NYSE:EWZ) resumed its descent on Friday, losing nearly 3% and closing at new lows. The iShares S&P Latin America 40 Index ETF, ILF (NYSE:ILF) was also lower, losing nearly 2%.
The PowerShares QQQ Trust ETF, QQQQ (NasdaqGM:QQQQ), 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 (NYSE:GLD), 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 (AMEX:XLK), were higher again on Friday.
Perennial traders' favorite, the ProShares UltraShort Oil & Gas ETF, DUG (AMEX:DUG) 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 (NYSE:EWZ) resumed its descent on Friday, losing nearly 3% and closing at new lows. The iShares S&P Latin America 40 Index ETF, ILF (NYSE:ILF) was also lower, losing nearly 2%.
The PowerShares QQQ Trust ETF, QQQQ (NasdaqGM:QQQQ), 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 (NYSE:GLD), 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 (AMEX:XLK), were higher again on Friday.
posted by Stock Administrator @ 11:34 AM
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