TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, April 9, 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
(
IFN |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Brazil Index ETF
(
EWZ |
Quote |
Chart |
News |
PowerRating)

Utilities Select Sector SPDRS ETF
(
XLU |
Quote |
Chart |
News |
PowerRating)

Currency Shares Japanese Yen Trust
(
FXY |
Quote |
Chart |
News |
PowerRating)

iShares iBoxx Investment Grade Corporate Bond Index ETF
(
LQD |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – The India Fund (IFN)

IFN Chart

Are you new to exchange-traded funds (ETFs)? Be sure to read our ETF primer, TradingMarkets ETF Basics: What You Need to Know About Exchange-Traded Funds

Most Oversold

The following ETFs are the most oversold for Thursday, April 9, 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
(
SZK |
Quote |
Chart |
News |
PowerRating)

Oversold ETF Chart of the Day – ProShares UltraShort Consumer Goods ETF (SZK)

SZK Chart

ETFs are Easy to Trade! Click here to pre-order High Probability ETF Trading by Larry Connors, the first book of quantified, backtested strategies for trading ETFs!