TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, May 28, 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 Oil ETF
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DBO |
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United States Oil Fund
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USO |
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ProShares UltraShort Consumer Goods ETF
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SZK |
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Overbought ETF Chart of the Day – ProShares UltraShort Consumer Goods ETF – SZK

SZK

Find out what you need to know about trading exchange-traded funds (ETFs) in our primer: ETF Basics: What You Need to Know about Exchange-Traded Funds.

Most Oversold

The following ETFs are the most oversold for Thursday, May 28, 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.

iShares Barclays Aggregate Bond Index ETF
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AGG |
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PowerRating)

iShares Barclays TIPS Bond Index ETF
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TIP |
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CurrencyShares Japanese Yen Trust ETF
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FXY |
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Vanguard Short Term Bond ETF
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BSV |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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Vanguard Total Bond Market ETF
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BND |
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Oversold ETF Chart of the Day – iShares Barclays Aggregate Bond Index ETF – AGG

AGG

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