TradingMarkets Most Overbought and Oversold ETFs for Monday

  • April 3, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, April 6, 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 SPDRS ETF
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Consumer Staples Select Sector SPDRS ETF
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Energy Select Sector SPDRS ETF
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XLE |
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Financial Select Sector SPDRS ETF
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XLF |
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Industrial Select Sector SPDRS ETF
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XLI |
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Materials Select Sector SPDRS ETF
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XLB |
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Technology Select Sector SPDRS ETF
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XLK |
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Utilities Select Sector SPDRS ETF
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XLU |
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Dow Diamonds ETF
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DIA |
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S&P 500 SPDRS ETF
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SPY |
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PowerShares QQQ Trust ETF
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QQQQ |
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iShares Russell 2000 Index ETF
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IWM |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares FTSE/Xinhua 25 ETF
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FXI |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares MSCI Hong Kong Index ETF
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EWH |
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iShares Dow Jones Transportation Average ETF
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IYT |
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iShares MSCI Emerging Markets Index ETF
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EEM |
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iShares MSCI EAFE Index ETF
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EFA |
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iShares S&P Latin America 40 Index ETF
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ILF |
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Semiconductor HOLDRS
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SMH |
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Oil Service HOLDRS
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OIH |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra Oil & Gas ETF
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DIG |
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ProShares Ultra Materials ETF
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UYM |
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Barclays Capital High Yield Bond SPDRS ETF>
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JNK |
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iShares iBoxx High Yield Corporate Bond ETF
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HYG |
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Overbought ETF Chart of the Day – PowerShares QQQ Trust ETF

QQQQ Chart

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Most Oversold

The following ETFs are the most oversold for Monday, April 6, 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 Barclays 20+ Year Treasury Bond Index ETF
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TLT |
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iShares Barclays TIPS Bond Index ETF
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TIP |
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iShares Barclays Aggregate Bond Fund ETF
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AGG |
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SPDR Gold Shares ETF
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GLD |
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ProShares UltraShort Consumer Goods ETF
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SZK |
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ProShares UltraShort Industrials ETF
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SIJ |
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ProShares Short Dow 30 ETF
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DOG |
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Oversold ETF Chart of the Day – ProShares Short Dow 30 ETF

DOG Chart

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