TradingMarkets Most Overbought and Oversold ETFs for Friday

  • May 7, 2009
  • David Penn

The following ETFs are the most overbought for Friday, May 8, 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.

Consumer Staples Select Sector SPDRS ETF
(
XLP |
Quote |
Chart |
News |
PowerRating)

Health Care Select Sector SPDRS ETF
(
XLV |
Quote |
Chart |
News |
PowerRating)

Utilities Select Sector SPDRS ETF
(
XLU |
Quote |
Chart |
News |
PowerRating)

Vanguard Health Care ETF
(
VHT |
Quote |
Chart |
News |
PowerRating)

iShares Barclays TIPS Bond Index ETF
(
TIP |
Quote |
Chart |
News |
PowerRating)

United States Oil Fund
(
USO |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort QQQ ETF
(
QID |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Russell MidCap Growth ETF
(
SDK |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Russell 2000 ETF
(
TWM |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Semiconductor ETF
(
SSG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Technology ETF
(
REW |
Quote |
Chart |
News |
PowerRating)

CurrencyShares Euro Trust
(
FXE |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – Health Care Select Sector SPDRS ETF – XLV

XLV

Most Oversold

The following ETFs are the most oversold for Friday, May 8, 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.

Consumer Discretionary Select Sector SPDRS ETF
(
XLY |
Quote |
Chart |
News |
PowerRating)

iShares iBoxx Investment Grade Corporate Bond ETF
(
LQD |
Quote |
Chart |
News |
PowerRating)

iShares Aggregate Bond ETF
(
AGG |
Quote |
Chart |
News |
PowerRating)

PowerShares QQQ Trust ETF
(
QQQQ |
Quote |
Chart |
News |
PowerRating)

Vanguard Short Term Bond ETF
(
BSV |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Crude Oil Short ETN
(
SZO |
Quote |
Chart |
News |
PowerRating)

Oversold ETF Chart of the Day – Consumer Discretionary Select Sector SPDRS ETF – XLY

XLY

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.