TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • May 18, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, May 19, 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.

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

Financial Select Sector SPDRS ETF
(
XLF |
Quote |
Chart |
News |
PowerRating)

Industrial Select Sector SPDRS ETF
(
XLI |
Quote |
Chart |
News |
PowerRating)

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

Dow Diamonds ETF
(
DIA |
Quote |
Chart |
News |
PowerRating)

S&P 500 SPDRS ETF
(
SPY |
Quote |
Chart |
News |
PowerRating)

iShares Russell 2000 Index ETF
(
IWM |
Quote |
Chart |
News |
PowerRating)

Semiconductor HOLDRS
(
SMH |
Quote |
Chart |
News |
PowerRating)

Oil Service HOLDRS
(
OIH |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Utilities ETF
(
SDP |
Quote |
Chart |
News |
PowerRating)

United States Oil Fund ETF
(
USO |
Quote |
Chart |
News |
PowerRating)

CurrencyShares British Pound Sterling Trust
(
FXB |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Financials ETF
(
UYG |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Consumer Services ETF
(
UCC |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Industrials ETF
(
UXI |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Technology ETF
(
ROM |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Materials ETF
(
UYM |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – Consumer Staples Select Sector SPDRS – XLP

XLP

Most Oversold

The following ETFs are the most oversold for Tuesday, May 19, 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 iBoxx Investment Grade Corporate Bond ETF
(
LQD |
Quote |
Chart |
News |
PowerRating)

iShares Barclay’s Aggregate Bond Fund ETF
(
AGG |
Quote |
Chart |
News |
PowerRating)

iShares Silver Trust ETF
(
SLV |
Quote |
Chart |
News |
PowerRating)

SPDR Gold Shares ETF
(
GLD |
Quote |
Chart |
News |
PowerRating)

CurrencyShares Japanese Yen Trust
(
FXY |
Quote |
Chart |
News |
PowerRating)

Oversold ETF Chart of the Day – SPDR Gold Shares ETF – GLD

GLD

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.