TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, May 21, 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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iShares Dow Jones Transportation Average ETF
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IYT |
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Oil Service HOLDRS
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OIH |
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United States Oil Fund
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USO |
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PowerShares DB Oil Fund
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DBO |
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ProShares Ultra Basic Materials ETF
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UYM |
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ProShares Ultra Industrials ETF
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UXI |
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iShares Dow Jones Oil & Service Equipment Index ETF
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IEZ |
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Overbought ETF Chart of the Day – Energy Selecct Sector SPDRS ETF – XLE

XLE Chart

Most Oversold

The following ETFs are the most oversold for Thursday, May 21, 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.

PowerShares DB Crude Oil Short ETN
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SZO |
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Oversold ETF Chart of the Day – PowerShares DB Crude Oil Short ETN – SZO

SZO Chart

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