It was a slow start to the week for U.S. stocks, but gains are gains and after four consecutive weeks of higher finishes, those waiting declines could be waiting a bit longer.
Encouraging for the bulls is where the leadership came from on Monday: An 8.3% gain for the Guggenheim Solar ETF (TAN) is impressive, but at this point, big gains for solar ETFs are almost commonplace. Perhaps more important is the number of materials and equity-based commodities plays that jumped on Monday, confirming the notion that November really is kind to materials ETFs. [Materials ETFs are November Buys]
Of the 15 best non-leveraged ETFs on Monday, eight were equity-based oil/natural gas or materials sector plays. Of the international ETFs on the list, two track major metals-producing countries. For more, checkout the chart below from WallachBeth Capital.