TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, April 21, 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 Short QQQ ETF
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ProShares UltraShort Dow 30 ETF
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ProShares UltraShort QQQ ETF
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ProShares UltraShort Russell MidCap Growth ETF
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ProShares UltraShort S&P 500 ETF
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ProShares UltraShort Consumer Services ETF
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ProShares UltraShort Financials ETF
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ProShares UltraShort Russell 2000 ETF
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ProShares UltraShort Semiconductor ETF
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ProShares Ultrashort Technology ETF
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ProShares UltraShort Utilities ETF
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Overbought ETF Chart of the Day – ProShares UltraShort S&P 500 ETF – SDS

Are you new to exchange-traded funds (ETFs)? Be sure to read our ETF primer, ETF Basics: What You Need to Know About Exchange-Traded Funds.

Most Oversold

The following ETFs are the most oversold for Tuesday, April 21, 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
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iShares Barclays TIPS Bond ETF
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Oversold ETF Chart of the Day – iShares iBoxx Investment Grade Corporate Bond ETF – LQD

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.