TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, July 9, 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.

ProShares UltraShort Basic Materials ETF
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SMN |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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ProShares UltraShort Financials ETF
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SKF |
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ProShares UltraShort MidCap 400 ETF
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MZZ |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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DB Gold Double Short ETN
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DZZ |
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ProShares Short Russell 2000 ETF
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RWM |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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ProShares UltraShort S&P 500 ETF
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SDS |
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iShares Barclays Aggregate Bond ETF
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AGG |
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ProShares Short S&P 500 ETF
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SH |
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iShares Barclays Short Treasury Bond ETF
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SHV |
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ProShares UltraShort FTSE/Xinhua China 25 Index ETF
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FXP |
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ProShares Ultra Short Real Estate ETF
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SRS |
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SPDR Lehman 1-3 Month T-Bill ETF
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BIL |
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Overbought ETF Chart of the Day – ProShares UltraShort Oil & Gas ETF – DUG

DUG

Most Oversold

The following ETFs are the most oversold for Thursday, July 9, 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 S&P Metals & Mining ETF
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XME |
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PowerRating)

PowerShares Golden Dragon Hatler USX China Portfolio ETF
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PGJ |
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iShares Dow Jones U.S. Broker-Dealer Index ETF
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IAI |
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SPDR KBW Capital Markets ETF
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KCE |
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Market Vectors Steel ETF
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SLX |
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iShares Dow Jones U.S. Basic Materials Index ETF
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IYM |
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iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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Market Vectors Agribusiness ETF
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MOO |
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iShares MSCI Mexico Index ETF
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EWW |
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iShares S&P U.S. Preferred Stock Index ETF
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PFF |
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Market Vectors Russia ETF
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RSX |
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Claymore Bny BRIC ETF
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EEB |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares S&p Latin America 40 Index ETF
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ILF |
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iShares MSCI Pacific ex-Japan Index ETF
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EPP |
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iShares MSCI United Kingdom Index ETF
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EWU |
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iShares S&P MidCap 400/Barra Growth Index ETF
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IJK |
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iShares MSCI Canada Index ETF
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EWC |
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iShares Russell MidCap Growth Index ETF
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IWP |
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iShares Silver Trust ETF
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SLV |
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Wisdom Tree India Earnings ETF
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EPI |
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iShares Russell MidCap Index ETF
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IWR |
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Rydex S&P Equal Weight ETF
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RSP |
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Vanguard MidCap ETF
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VO |
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iShares MSCI South Africa Index ETF
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EZA |
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PowerRating)

iPath MSCI India Index ETN
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INP |
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Oversold ETF of the Day – iShares Dow Jones U.S. Telecommunications Sector Index ETF – IYZ

IYZ

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