7 Stocks you need to know for Monday

Financial exchange-traded funds regained strength on Friday, with both the ProShares Ultra Financials ETF, UYG (UYG | Quote | Chart | News | PowerRating), and the Select Financial Sector SPDRs, XLF (XLF | Quote | Chart | News | PowerRating) gaining more than 3%.

The Select Technology Sector SPDRs, XLK (XLK | Quote | Chart | News | PowerRating), closed in the green for the fifth consecutive session as the ETF rallied to within one point of its 200-day moving average.

Leveraged short ETFs pulled back dramatically on the last trading day of the week, with both the ProShares UltraShort QQQ fund, QID (QID | Quote | Chart | News | PowerRating), and the ProShares UltraShort S&P 500 fund, SDS (SDS | Quote | Chart | News | PowerRating) lower by more than 4%.

Down for five consecutive trading sessions, the United States Oil Fund, USO (USO | Quote | Chart | News | PowerRating) became even more oversold on Friday as its 2-period RSI dropped closer to single digits.

On the international exchange-traded fund front, traders bid the iShares MSCI Taiwan Index fund, EWT (EWT | Quote | Chart | News | PowerRating), was higher by more than 4% after yesterday's pullback.