TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Thursday June 11, 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 Trust Lehman Bros 20+ Year
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TLT |
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Pro Shares Short QQQ
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PSQ |
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Pro Shares Ultra Short MC 400
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MZZ |
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Pro Shares Ultra Short QQQ
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QID |
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Most Oversold
The following ETFs are the most oversold for Thursday, June 11, 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 SPDR
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XLY |
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PowerShares DB Gold Double Long
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DGP |
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Industrial Select SPDR
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XLI |
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iShares S&P 600 Small Cap
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IJR |
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iShares Comex Gold
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IAU |
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iShares Silver Trust
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SLV |
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Market Vectors Gold Miners
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GDX |
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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..