TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • May 6, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, May 7, 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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Financial Select Sector SPDRS ETF
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XLF |
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Industrial Select Sector SPDRS ETF
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XLI |
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Dow Diamonds ETF
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DIA |
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S&P 500 SPDRS ETF
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SPY |
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iShares Russell 2000 Index ETF
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IWM |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares Dow Jones Transportation Average ETF
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IYT |
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iShares MSCI EAFE Index ETF
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EFA |
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The India Fund
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IFN |
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Oil Service HOLDRS
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OIH |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra Materials ETF
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UYM |
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ProShares Ultra QQQ ETF
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QLD |
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Overbought ETF Chart of the Day – Dow Diamonds ETF – DIA

DIA Chart

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Most Oversold

The following ETFs are the most oversold for Thursday, May 7, 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 – SZO

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

SZO Chart

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