TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • August 5, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, August 6, 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 order.

SPDR KBW Regional Banking ETF
(
KRE |
Quote |
Chart |
News |
PowerRating)

United States Natural Gas Fund ETF
(
UNG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort FTSE/Xinhua China 25 ETF
(
FXP |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

FXP

Most Oversold

The following ETFs are the most oversold for Thursday, August 6, 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 order.

iShares MSCI Taiwan Index ETF
(
EWT |
Quote |
Chart |
News |
PowerRating)

Pharmaceutical HOLDRS ETF
(
PPH |
Quote |
Chart |
News |
PowerRating)

Vanguard Total Bond Market ETF
(
BND |
Quote |
Chart |
News |
PowerRating)

Consumer Staples Select Sector SPDRS ETF
(
XLP |
Quote |
Chart |
News |
PowerRating)

Health Care Select Sector SPDRS ETF
(
XLV |
Quote |
Chart |
News |
PowerRating)

iShares Nasdaq Biotechnology Index ETF
(
IBB |
Quote |
Chart |
News |
PowerRating)

iShares Barclays Aggregate Bond ETF
(
AGG |
Quote |
Chart |
News |
PowerRating)

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

iShares MSCI Singapore Index ETF
(
EWS |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Hong Kong Index ETF
(
EWH |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Semiconductor ETF
(
USD |
Quote |
Chart |
News |
PowerRating)

iShares FTSE/Xinhua China 25 ETF
(
FXI |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – iShares MSCI Taiwan Index ETF – EWT

EWT

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.

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