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 (NYSEArca: 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.