TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

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

ProShares Ultra Dow 30 ETF
(
DDM |
Quote |
Chart |
News |
PowerRating)

Dow Diamonds
(
DIA |
Quote |
Chart |
News |
PowerRating)

iShares Nasdaq Biotechnology Index ETF
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IBB |
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Chart |
News |
PowerRating)

iShares Cohen & Steers Realty Majors Index ETF
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ICF |
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Chart |
News |
PowerRating)

iShares Dow Jones Transportation Average ETF
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IYT |
Quote |
Chart |
News |
PowerRating)

iShares S&P 100 Index ETF
(
OEF |
Quote |
Chart |
News |
PowerRating)

PowerShares Wilderhill Clean Energy Portfolio ETF
(
PBW |
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Chart |
News |
PowerRating)

SPDR Dow Jones Wilshire REIT ETF
(
RWR |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra S&P 500 ETF
(
SSO |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Real Estate ETF
(
URE |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Russell 2000 ETF
(
UWM |
Quote |
Chart |
News |
PowerRating)

Vanguard REIT ETF
(
VNQ |
Quote |
Chart |
News |
PowerRating)

SDPR S&P Biotech ETF
(
XBI |
Quote |
Chart |
News |
PowerRating)

Industrial Select Sector SPDRS ETF
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XLI |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Real Estate ETF
(
IYR |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra MidCap 400 ETF
(
MVV |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Industrials ETF
(
UXI |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – ProShares Ultra Industrials ETF – UXI

UXI

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

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

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

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

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

CurrencyShares British Pound Sterling Trust
(
FXB |
Quote |
Chart |
News |
PowerRating)

CurrencyShares Canadian Dollar Trust
(
FXC |
Quote |
Chart |
News |
PowerRating)

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

DB Gold Double Long ETN
(
DGP |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Japan Index ETF
(
EWJ |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Taiwan Index ETF
(
EWT |
Quote |
Chart |
News |
PowerRating)

iShares COMEX Gold Trust
(
IAU |
Quote |
Chart |
News |
PowerRating)

iShares MSCI EAFE Index ETF
(
EFA |
Quote |
Chart |
News |
PowerRating)

iShares Silver Trust
(
SLV |
Quote |
Chart |
News |
PowerRating)

Market Vectors Gold Miners ETF
(
GDX |
Quote |
Chart |
News |
PowerRating)

Semiconductor HOLDRS
(
SMH |
Quote |
Chart |
News |
PowerRating)

SPDR Gold Shares ETF
(
GLD |
Quote |
Chart |
News |
PowerRating)

Vanguard European ETF
(
VGK |
Quote |
Chart |
News |
PowerRating)

Oversold ETF Chart of the Day – iShares MSCI Japan Index ETF – EWJ

UXI

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.

Want updates on our latest articles? Have something to say to David Penn or the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets.

Want updates on our latest articles? Have something to say to David Penn or the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets.