TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, April 28, 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.

Health Care Select Sector SPDRS ETF
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Utilities Select Sector SPDRS ETF
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iShares MSCI Brazil Index ETF
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EWZ |
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PowerShares QQQ Trust ETF
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QQQQ |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra QQQ ETF
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Vanguard Health Care ETF
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Overbought ETF Chart of the Day – PowerShares QQQ Trust ETF – QQQQ

QQQQ Chart

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Most Oversold

The following ETFs are the most oversold for Tuesday, April 28, 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 JP Morgan US Dollar Emerging Markets Bond Index ETF
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EMB |
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ProShares UltraShort Consumer Services ETF
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SZK |
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Oversold ETF Chart of the Day – iShares JP Morgan US Dollar Emerging Markets Bond Index ETF – EMB

EMB Chart

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