TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, July 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 order.

ProShares UltraShort Oil & Gas ETF
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DUG |
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PowerRating)

ProShares UltraShort Financials ETF
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SKF |
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ProShares Ultrashort Basic Materials ETF
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SMN |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares UltraShort Dow 30 ETF
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DXD |
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iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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PowerRating)

ProShares UltraShort Real Estate etf
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SRS |
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ProShares UltraShort FXSE/Xinhua China 25 Index ETF
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FXP |
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PowerRating)

ProShares UltraShort MidCap 400 ETF
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MZZ |
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SPDR Lehman 1-3 Month T-Bill ETF
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BIL |
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PowerRating)

ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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Overbought ETF Chart of the Day – ProShares UltraShort Oil & Gas ETF – DUG

XLB

Most Oversold

The following ETFs are the most oversold for Monday, July 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 order.

Oil Services HOLDRS ETF
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OIH |
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News |
PowerRating)

Retail HOLDRS
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RTH |
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PowerRating)

iShares Nasdaq Biotechnology Index ETF
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IBB |
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News |
PowerRating)

SDPR S&P Metals & Mining ETF
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XME |
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PowerRating)

PowerShares QQQ Trust ETF
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QQQQ |
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PowerRating)

ProShares Ultra QQQ ETF
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QLD |
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News |
PowerRating)

iShares Dow Jones U.S. Oil Equipment & Services Index ETF
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IEZ |
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PowerRating)

SPDR Barclays High Yield Corporate Bond ETF
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JNK |
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PowerRating)

Pharmaceutical HOLDRS
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PPH |
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PowerRating)

iShares Dow Jones U.S. Basic Materials Index ETF
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IYM |
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PowerRating)

iShares Goldman Sachs Natural Resources Index ETF
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IGE |
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PowerRating)

PowerShares DB Oil Fund
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DBO |
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iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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PowerRating)

iShares Dow Jones U.S. Broker-Dealer Index ETF
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IAI |
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Materials Select Sector SPDRS ETF
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XLB |
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PowerRating)

SPDR KBW Capital Markets ETF
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KCE |
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PowerShares Golden Dragon hatler USX China Portfolio ETF
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PGJ |
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iShares S&P Global Energy Sector Index ETF
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IXC |
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PowerRating)

iShares MSCI Australia Index ETF
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EWA |
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SPDR S&P Retail ETF
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XRT |
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PowerRating)

Health Care Select Sector SPDRS ETF
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XLV |
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PowerRating)

iShares Russell 1000 Index ETF
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IWB |
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PowerRating)

iShares S&P 500 Index ETF
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IVV |
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PowerRating)

Market Vectors Steel ETF
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SLX |
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PowerRating)

Vanguard Growth ETF
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VUG |
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PowerRating)

Oversold ETF of the Day – Materials Select Sector SPDRS ETF – XLB

XLB

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