TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, May 15, 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 Barclay’s 20+ Year Treasury Index ETF
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TLT |
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PowerRating)

ProShares UltraShort Consumer Services ETF
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SCC |
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ProShares UltraShort Utilities ETF
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SDP |
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Pharmaceutical HOLDRs
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PPH |
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PowerRating)

Overbought ETF Chart of the Day – Pharmaceutical HOLDRs – PPH

PPH

Most Oversold

The following ETFs are the most oversold for Friday, May 15, 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 MSCI Hong Kong Index ETF
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EWH |
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Chart |
News |
PowerRating)

iShares MSCI Taiwan Index ETF
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EWT |
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iShares JP Morgan US Dollar Emerging Market Bond ETF
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EMB |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Oversold ETF Chart of the Day -iShares MSCI Hong Kong Index ETF – EWH

EWH

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