TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, June 5, 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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News |
PowerRating)

iShares Dow Jones U.S. Real Estate ETF
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IYR |
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PowerRating)

ProShares Ultra MidCap 400 ETF
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MVV |
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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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News |
PowerRating)

Regional Bank HOLDRs
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RKH |
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PowerRating)

Overbought ETF Chart of the Day – Financial Select Sector SPDRS ETF – XLF

Most Oversold

The following ETFs are the most oversold for Friday, June 5, 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.

CurrencyShares Japanese Yen Trust
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FXY |
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News |
PowerRating)

iShares Barclays Aggregate Bond ETF
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AGG |
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PowerRating)

iShares Barclays TIPS Bond ETF
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TIP |
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PowerRating)

CurrencyShares British Pound Sterling Trust
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FXB |
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PowerRating)

iShares MSCI Taiwan Index ETF
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EWT |
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News |
PowerRating)

Vanguard Short Term Bond ETF
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BSV |
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News |
PowerRating)

Vanguard Total Bond Market ETF
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BND |
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News |
PowerRating)

Oversold ETF Chart of the Day – iShares MSCI Taiwan Index ETF – EWT

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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