Selling in the energy sector helped markets continue to pull back on Friday. Closing below Thursday's lows and into oversold territory above the 200-day moving average were equity index ETFs such as the Dow DIAMONDS ETF (NYSE:DIA - News) and the iShares Russell 2000 Index ETF (NYSE:IWM - News).

Among country exchange-traded funds, Asian country funds were stronger while European country ETFs like the iShares MSCI France Index Fund ETF (NYSE:EWQ - News) lost more than 1% and are increasingly oversold.

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Making its third consecutive lower close on Friday, the Energy Select Sector SPDRS ETF (NYSE:XLE - News) fell less than 1% after rallying from lowest levels of the day.

Among the country ETFs pulling back on Friday were the iShares MSCI Germany Index Fund ETF (NYSE:EWG - News) and the iShares MSCI Australia Index Fund ETF (NYSE:EWA - News), which earned an ETF PowerRating upgrade to 9 on the close.

After closing lower for three days in a row, the Consumer Discretionary Select Sector SPDRS ETF (NYSE:XLY - News) ended up on the day Friday, though still oversold and below Thursday's closing levels.

Other energy related exchange-traded funds earning ETF PowerRatings upgrades on Friday were the iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF (NYSE:IEZ - News) and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP - News). Both exchange-traded funds earned ETF PowerRatings upgrades to 9 on Friday.

Another day, another new short term high for the SPDR Gold Trust ETF (NYSE:GLD - News), which outperformed ETFs representing the stocks of actual mining companies on Friday.

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