TradingMarkets Most Overbought and Oversold ETFs for Thursday
Most Overbought
The following ETFs are the most overbought for Thursday, April 2, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading Strategies, now available for pre-order (click here.)
CurrencyShares British Pound Sterling Trust
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FXB |
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Dow Diamonds Trust ETF
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DIA |
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India Fund
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IFN |
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iShares MSCI EAFE Index ETF
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EFA |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares MSCI Emerging Markets Index ETF
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EEM |
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PowerShares QQQ Trust ETF
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QQQQ |
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iShares S&P Latin America 40 Index ETF
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ILF |
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PowerShares Listed Private Equity Index ETF
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PSP |
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Technology Select Sector SPDRS ETF
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XLK |
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Overbought ETF Chart of the Day
iShares MSCI Taiwan Index ETF
Most Oversold
The following ETFs are the most oversold for Thursday, April 2, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading Strategies, now available for pre-order (click here.)
CurrencyShares Japanese Yen Trust
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FXY |
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iShares Barclays TIPS Bond Index ETF
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TIP |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort S&P 500 Index ETF
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SDS |
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ProShares UltraShort Consumer Goods ETF
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SZK |
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Oversold ETF Chart of the Day
ProShares UltraShort S&P 500 ETF
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David Penn is Editor in Chief at TradingMarkets.com.