TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, June 12, 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.
iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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ProShares Ultra Oil & Gas ETF
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DIG |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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ProShares UltraShort Real Estate ETF
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SRS |
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Utilities Select Sector SPDRS ETF
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XLU |
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iShares Dow Jones Select Dividend Index ETF
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DVY |
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iShares Dow Jones Transportation Average ETF
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IYT |
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United States Natural Gas Fund ETF
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UNG |
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iShares Barclays Short Treasury Bond ETF
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SHV |
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Pharmaceutical HOLDRs
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PPH |
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ProShares Ultra S&P 500 ETF
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SSO |
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SPDDR S&P Biotech ETF
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XBI |
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DB Gold Double Short ETN
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DZZ |
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United States Oil Fund ETF
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USO |
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Rydex 2x S&P 500 ETF
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RSU |
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ProShares Ultra Dow 30 ETF
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DDM |
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SPDR KBW Bank ETF
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KBE |
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iShares S&P 500/Barra Value Index ETF
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IVE |
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Overbought ETF Chart of the Day – ProShares Ultra S&P 500 ETF – SSO
Most Oversold
The following ETFs are the most oversold for Friday, June 12, 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.
DB Gold Double Long ETN
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DGP |
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Industrial Select Sector SPDRS ETF [XLI|XLI}
iShares S&P Small Cap 600 Index Fund ETF
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IJR |
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Consumer Discretionary Select Sector SPDRS ETF
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XLY |
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iShares Russell 2000 Index ETF
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IWN |
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iShares S&P Small Cap 600/Barra Value Index ETF
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IJS |
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SPDR S&P Retail ETF
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XRT |
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Retail HOLDRs
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RTH |
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Oversold ETF Chart of the Day – SPDR S&P Retail ETF – XRT
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.