TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, June 10, 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.
Financial Select Sector SPDRS ETF
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XLF |
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iShares Dow Jones Transportation Average ETF
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IYT |
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Rydex 2x S&P 500 ETF
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RSU |
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SPDRS Homebuilders ETF
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XHB |
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United States Oil Fund
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USO |
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ProShares Ultra Basic Materials ETF
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UYM |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares UltraShort Utilities ETF
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SDP |
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Overbought ETF Chart of the Day – ProShares Ultra Short Utilities ETF – SDP
Most Oversold
The following ETFs are the most oversold for Wednesday, June 10, 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 FTSE/Xinhua China 25 ETF
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FXI |
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PowerRating)
Consumer Staples Select Sector SPDRS ETF
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XLP |
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iShares MSCI Hong Kong Index ETF
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EWH |
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iShares MSCI Mexico Investable Markets Index ETF
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EWW |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares JP Morgan USD Emerging Markets Bond ETF
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EMB |
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Market Vectors Gold Miners ETF
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GDX |
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Retail Bank HOLDRs
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RKH |
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Oversold ETF Chart of the Day – iShares FTSE/Xinhua China 25 ETF – FXI
In High Probability ETF Trading you can learn strategies to enhance your ETF trading. Trading overbought and oversold markets is just one quantifiable strategy for trading ETFs — click here to learn more.
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