TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, May 22, 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.

ProShares Short Dow 30 ETF
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DOG |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort Midcap 400 ETF
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MZZ |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Russell Midcap Growth ETF
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SDK |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort Consumer Services ETF
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SCC |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort Technology ETF
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REW |
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ProShares UltraShort Utilities ETF
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SDP |
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Vanguard European Stock ETF
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VGK |
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Overbought ETF Chart of the Day – ProShares Short S&P 500 ETF – SH

Most Oversold

The following ETFs are the most oversold for Friday, May 22, 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.

The India Fund
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IFN |
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iShares MSCI Hong Kong Index ETF
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EWH |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares MSCI Mexico Investable Market Index ETF
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EWW |
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iShares FTSE/Xinhua China 25 Index ETF
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FXI |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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iShares Barclays Aggregate Bond ETF
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AGG |
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iShares MSCI Emerging Markets ETF
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EEM |
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iShares S&P Latin America 40 Index ETF
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ILF |
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iShares Barclays TIPS Bond ETF
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TIP |
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Materials Select Sector SPDRS ETF
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XLB |
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PowerShares QQQ Trust ETF
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QQQQ |
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Vanguard Total Bond Market ETF
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BND |
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Oversold ETF Chart of the Day – iShares S&P Latin America 40 Index ETF – ILF

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