TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, May 18, 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 Barclay’s 20+ Year Treasury Index ETF
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TLT |
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News |
PowerRating)

ProShares UltraShort Consumer Services ETF
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SCC |
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ProShares UltraShort Utilities ETF
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SDP |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares UltraShort Russell Midcap Growth ETF
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SDK |
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ProShares UltraShort Oil & Gas Index ETF
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DUG |
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ProShares UltraShort Midcap 40 ETF
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MZZ |
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Overbought ETF Chart of the Day – iShares Barclay’s 20+ Year Treasury Index ETF – TLT

TLT

Most Oversold

The following ETFs are the most oversold for Monday, May 18, 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 MSCI Brazil Index ETF
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EWZ |
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News |
PowerRating)

iShares MSCI Hong Kong Index ETF
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EWH |
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iShares MSCI Mexico Investable Market Index ETF
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EWW |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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iShares MSCI Emerging Markets ETF
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EEM |
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iShares S&P Latin America 40 ETF
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ILF |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares JP Morgan US Dollar Emerging Market Bond ETF
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EMB |
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iShares Silver Trust ETF
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SLV |
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PowerShares DB U.S. Dollar Index Bullish ETF
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UDN |
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iShares Dow Jones U.S. Broker-Dealer ETF
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IAI |
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Vanguard Emerging Markets Stock Index ETF
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VWO |
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SPDR Barclays Capital High Yield Bond Index ETF
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JNK |
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PowerRating)

Oversold ETF Chart of the Day – iShares MSCI Emerging Markets ETF – EEM

EEM

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.

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