TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, May 29, 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.
PowerShares DB Crude Oil ETF
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DBO |
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United States Oil Fund ETF
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USO |
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ProShares Ultra QQQ ETF
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QLD |
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ProShares Ultra Basic Materials ETF
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UYM |
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Utilities Select Sector SPDRS ETF
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XLU |
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Regional Bank HOLDRS
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RKH |
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Overbought ETF Chart of the Day – ProShares Ultra QQQ ETF – QLD
Most Oversold
The following ETFs are the most oversold for Friday, May 29, 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 Barclays Aggregate Bond Index ETF
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AGG |
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PowerRating)
iShares Barclays TIPS Bond Index ETF
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TIP |
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CurrencyShares Japanese Yen Trust ETF
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FXY |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Consumer Discretionary Select Sector SPDRS ETF
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XLY |
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iShares MSCI Japan Index ETF
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EWJ |
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Oversold ETF Chart of the Day – iShares MSCI Japan Index ETF – EWJ
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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