TradingMarkets Most Overbought and Oversold ETFs for Monday

  • June 19, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, June 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 UltraShort Oil & Gas ETF
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DUG |
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PowerRating)

SPDR S&P Biotechnology ETF
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XBI |
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Retail HOLDRs
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RKH |
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KBW Regional Banking ETF
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KRE |
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Vanguard Financials ETF
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VFH |
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iShares Dow Jones U.S. Financial Services Index ETF
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IYG |
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ProShares Ultra Financials ETF
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UYG |
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iShares Dow Jones U.S. Financials Sector Index ETF
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IYF |
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ProShares Ultra Russell 2000 ETF
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UWM |
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Overbought ETF Chart of the Day – ProShares Ultra Financials ETF – UYG

UYG

Most Oversold

The following ETFs are the most oversold for Monday, June 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.

SPDR S&P Oil & Gas Exploration & Production ETF
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XOP |
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News |
PowerRating)

SPDR S&P BRIC 40 ETF
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BIK |
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PowerRating)

Energy Select Sector SPDRS ETF
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XLE |
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PowerShares DB Agricultural ETF
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DBA |
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PowerShares DB Commodity Index Tracking ETF
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DBC |
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PowerShares DB Oil Fund ETF
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DBO |
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Vanguard Energy ETF
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VDE |
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iPath Dow Jones AIG Commodity Index Total Return ETN
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DJP |
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iShares MSCI South Korea Index ETF
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EWY |
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Market Vectors Russia ETF
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RSX |
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ELEMENTS/Rogers International Commodity Index Total Return ETN
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RJI |
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iShares Dow Jones U.S. Oil Equipment and Services Index ETF
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IEZ |
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iShares Dow Jones U.S. Oil & Gas Exploration & Production Index ETF
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IEO |
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PowerRating)

iShares Dow Jones U.S. Energy Index ETF
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IYE |
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iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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SPDR S&P International Small Cap ETF
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GWX |
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Oil Service HOLDRS
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OIH |
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iShares GSCI Commodity Indexed Trust ETF
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GSG |
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Oversold ETF Chart of the Day – Energy Select Sector SPDRS ETF – XLE

XLE

Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate – Click here to learn more..