TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • April 6, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, April 7, 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. Click here.

Consumer Staples Select Sector SPDRS ETF
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XLP |
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Industrial Select Sector SPDRS ETF
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XLI |
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PowerShares QQQ Trust ETF
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QQQQ |
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iShares FTSE/Xinhua 25 ETF
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FXI |
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iShares MSCI Hong Kong Index ETF
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EWH |
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ProShares Ultra Industrials ETF
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UXI |
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iShares iBoxx High Yield Corporate Bond ETF
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HYG |
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Overbought ETF Chart of the Day – Industrial Select Sector SPDRS ETF

XLI Chart

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Most Oversold

The following ETFs are the most oversold for Tuesday, April 7, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading Strategies, now available for pre-order. Click here.

iShares Barclays 20+ Year Treasury Bond Index ETF
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TLT |
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iShares Barclays TIPS Bond Index ETF
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SPDR Gold Shares ETF
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GLD |
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ProShares UltraShort Consumer Goods ETF
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SZK |
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iShares Barclay’s Aggregate Bond Index ETF
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AGG |
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Oversold ETF Chart of the Day – iShares Barclays 20+ Year Treasury Bond Index ETF

TLTChart

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