TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Monday, May 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 Staples Select Sector SPDRS ETF
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XLP |
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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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Health Care Select Sector SPDRS ETF
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XLV |
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Utilities Select Sector SPDRS ETF
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XLU |
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Industrials Select Sector SPDRS ETF
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XLI |
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Oil Service HOLDRs
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OIH |
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iShares MSCI EAFE Index ETF
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EFA |
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Vanguard Health Care ETF
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VHT |
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United States Oil Fund
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USO |
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ProShares Ultra Basic Materials ETF
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UYM |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Industrials ETF
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UXI |
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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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iShares Russell 2000 ETF
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IWM |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort Semiconductor ETF
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SSG |
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ProShares UltraShort Technology ETF
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REW |
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CurrencyShares Britsh Pound Sterling Trust
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FXB |
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Overbought ETF Chart of the Day – Industrial Selecct Sector SPDRS ETF – XLI
Most Oversold
The following ETFs are the most oversold for Monday, May 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 Barclays TIPS Bond Index ETF
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TIP |
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PowerShares QQQ Trust ETF
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QQQQ |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Oversold ETF Chart of the Day – PowerShares QQQ Trust ETF – QQQQ
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..