TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, April 23, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.

SPDRS Homebuilders ETF
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XHB |
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Industrial Select Sector SPDRS ETF
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XLI |
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Semiconductor HOLDRs
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SMH |
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iShares Dow Jones Transportation Average ETF
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IYT |
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Overbought ETF Chart of the Day – Industrial Select Sector SPDRS ETF – XLI

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Most Oversold

The following ETFs are the most oversold for Thursday, April 23, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.

iShares iBoxx Investment Grade Corporate Bond Index ETF
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iShares Barclays 20+ Year Treasury Bond Index ETF
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TLT |
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Vanguard Short Term Bond ETF
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BSV |
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Oversold ETF Chart of the Day – iShares Barclays 20+ Year Treasury Bond Index ETF – TLT

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