TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, May 14, 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.

ProShares UltraShort Semiconductor ETF
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SSG |
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ProShares UltraShort Technology ETF
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REW |
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ProShares UltraShort Utilities ETF
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SDP |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort Financials ETF
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SKF |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort Russell Midcap Growth ETF
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SDK |
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ProShares UltraShort Consumer Services ETF
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SCC |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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Overbought ETF Chart of the Day – ProShares UltraShort Dow 30 ETF – DXD

DXD

Most Oversold

The following ETFs are the most oversold for Thursday, May 14, 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 MSCI Hong Kong Index ETF
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EWH |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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iShares MSCI Mexico Index ETF
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EWW |
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iShares S&P Latin America 40 Index ETF
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ILF |
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iShares MSCI Singapore Index ETF
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EWS |
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iShares MSCI Malaysia Index ETF
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EWM |
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iShares MSCI South Korea Index ETF
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EWY |
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iShares iBoxx High Yield Corporate Bond ETF
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HYG |
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Oversold ETF Chart of the Day -iShares MSCI Singapore Index ETF – EWS

EWS

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