TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • April 1, 2009
  • David Penn

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

EWT Chart

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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PowerRating)

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

SDS Chart

ProShares UltraShort S&P 500 ETF

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David Penn is Editor in Chief at TradingMarkets.com.