TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, June 23, 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 Oil & Gas ETF
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DUG |
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PowerRating)

ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltrraShort MSCI Emerging Markets ETF
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EEV |
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ProShares UltraShort MidCap 400 ETF
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MZZ |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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DB Gold Double Short ETN
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DZZ |
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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 Real Estate ETF
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SRS |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Financials ETF
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SKF |
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iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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ProShares UltraShort Basic Materials ETF
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SMN |
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ProShares Short S&P 500 ETF
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SH |
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Overbought ETF Chart of the Day – ProShares UltraShort S&P 500 ETF – SDS

SDS

Most Oversold

The following ETFs are the most oversold for Tuesday, June 23, 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.

Market Vectors Russia ETF
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RSX |
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PowerRating)

BLDRS Emerging Markets 50 ADR Index ETF
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ADRE |
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Oil Services HOLDRs
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OIH |
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SPDR S&P BRIC 40 ETF
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BIK |
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iShares MSCI South Africa Index ETF
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EZA |
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SPDDR S&P International Small Cap ETF
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GWX |
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PowerShares DB Oil ETF
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DBO |
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iShares MSCI South Korea Index ETF
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EWY |
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iShares MSCI Malaysia Index ETF
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EWM |
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Market Vectors Steel ETF
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SLX |
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Market Vectors Coal ETF
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KOL |
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iShares Dow Jones U.S. Basic Materials Index ETF
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IYM |
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SPDR S&P Midcap Trust Series ETF
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MDY |
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PowerShares DB Base Metals ETF
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DBB |
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Vanguard Emerging Markets ETF
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VWO |
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iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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WisdomTree India Earnings Fund ETF
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EPI |
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iShares Russell MidCap Index ETF
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IWR |
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News |
PowerRating)

iShares FTSE/Xinhua China 25 Index ETF
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FXI |
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News |
PowerRating)

iShares S&P Latin America 40 Index ETF
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ILF |
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iShares MSCI Emerging Market Index ETF
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EEM |
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Rydex S&P Equal Weight ETF
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RSP |
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iShares S&P 500/Barra Growth Index ETF
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IVW |
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iShares Silver Trust ETF
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SLV |
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Claymore Bny BRIC ETF
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EEB |
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Oversold ETF of the Day – Vanguard Emerging Markets ETF – VWO

VWO

Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate – Click here to learn more..