TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, April 24, 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.

Industrial Select Sector SPDRS ETF
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XLI |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares Dow Jones U.S. Transportation Average ETF
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IYT |
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iShares S&P Latin America 40 Index ETF
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ILF |
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iShares MSCI EAFE Index ETF
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EFA |
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Oil Service HOLDRS
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OIH |
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PowerShares QQQ Trust
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QQQQ |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra QQQ ETF
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QLD |
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Technology Select Sector SPDRS ETF
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XLK |
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ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Industrials ETF
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UXI |
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CurrencyShares Canadian Dollar Trust
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FXC |
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CurrencyShares Euro Trust
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FXE |
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Overbought ETF Chart of the Day – ProShares Ultra Technology ETF – ROM

ROM

Learn high probability ETF trading strategies in Larry Connor’s latest book, High Probability ETF Trading.

Most Oversold

The following ETFs are the most oversold for Friday, April 24, 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 iBoxx Investment Grade Corporate Bond Index ETF
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LQD |
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PowerRating)

iShares Barclays 20+ Year Treasury Bond Index ETF
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TLT |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares Short S&P 500 ETF
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SH |
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iShares JP Morgan U.S. Dollar Emerging Markets Bond Index ETF
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EMB |
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Oversold ETF Chart of the Day – iShares JP Morgan U.S. Dollar Emerging Markets Bond Index ETF – EMB

EMB

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.