TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, April 16, 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.

The India Fund
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IFN |
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iShares MSCI Hong Kong Index Fund ETF
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EWH |
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iShares MSCI Taiwan Index Fund ETF
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EWT |
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iShares MSCI EAFE Index Fund ETF
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EFA |
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iShares MSCI Emerging Markets Index Fund ETF
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EEM |
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Health Care Select Sector SPDRS ETF
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XLV |
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Materials Select Sector SPDRS ETF
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XLB |
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Oil Service HOLDRs
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OIH |
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SPDRS Homebuilders ETF
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XHB |
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ProShares UltraShort Semiconductor ETF
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SSG |
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Vanguard Health Care ETF
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VHT |
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iShares iBoxx High Yield Corporate Bond ETF
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HYG |
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CurrencyShares British Pound Sterling Trust
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FXB |
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CurrencyShares Canadian Dollar Trust
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FXC |
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Overbought ETF Chart of the Day – Vanguard Health Care ETF – VHT

VHT

Most Oversold

The following ETFs are the most oversold for Thursday, April 16, 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.

ProShares UltraShort Consumer Goods ETF
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SZK |
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ProShares Short S&P 500 ETF
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SH |
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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 S&P 500 ETF – SH

SH

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