TradingMarkets Most Overbought and Oversold ETFs for Monday

  • May 1, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, May 4, 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 Staples Select Sector SPDRS ETF
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XLP |
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Chart |
News |
PowerRating)

Energy Select Sector SPDRS ETF
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XLE |
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PowerRating)

Industrial Select Sector SPDRS ETF
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XLI |
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PowerRating)

Materials Select Sector SPDRS ETF
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XLB |
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PowerRating)

Utilities Select Sector SPDRS ETF
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XLU |
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PowerRating)

Dow Diamonds ETF
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DIA |
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PowerRating)

S&P 500 SPDRS ETF
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SPY |
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PowerRating)

iShares Russell 2000 Index ETF
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IWM |
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PowerRating)

iShares MSCI Japan Index ETF
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EWJ |
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PowerRating)

iShares Dow Jones Transportation Average ETF
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IYT |
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PowerRating)

iShares MSCI EAFE Index ETF
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EFA |
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PowerRating)

iShares S&P Latin America 40 Index ETF
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ILF |
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PowerRating)

Semiconductor HOLDRS
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SMH |
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PowerRating)

Oil Service HOLDRS
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OIH |
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PowerRating)

ProShares Ultra QQQ ETF
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QLD |
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PowerRating)

ProShares Ultra Industrials ETF
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UXI |
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PowerRating)

ProShares Ultra Technology ETF
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ROM |
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PowerRating)

ProShares Ultra Oil & Gas ETF
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DIG |
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PowerRating)

ProShares Ultra Materials ETF
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UYM |
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Barclays Capital High Yield Bond SPDRS
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JNK |
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PowerRating)

Overbought ETF Chart of the Day – Consumer Staples Select Sector SPDRS ETF – XLP

XLP Chart

Most Oversold

The following ETFs are the most oversold for Monday, May 4, 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
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LQD |
Quote |
Chart |
News |
PowerRating)

iShares Barclays Aggregate Bond ETF
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AGG |
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News |
PowerRating)

SPDRS Gold Trust ETF
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GLD |
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News |
PowerRating)

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

Oversold ETF Chart of the Day – iShares iBoxx Investment Grade Corporate Bond ETF – LQD

LQD Chart

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.