TradingMarkets Most Overbought and Oversold ETFs for Tuesday
Most Overbought
The following ETFs are the most overbought for Tuesday, May 5, 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
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XLP |
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Energy Select Sector SPDRS ETF
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XLE |
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Financial Select Sector SPDRS ETF
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XLF |
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Industrial Select Sector SPDRS ETF
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XLI |
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Health Care Select Sector SPDRS ETF
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XLV |
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Dow Diamonds ETF
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DIA |
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S&P 500 SPDRS ETF
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SPY |
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iShares Russell 2000 Index ETF
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IWM |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares Dow Jones Transportation Average ETF
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IYT |
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iShares MSCI EAFE Index ETF
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EFA |
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Oil Service HOLDRS
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OIH |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra Oil & Gas ETF
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DIG |
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ProShares Ultra Materials ETF
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UYM |
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Barclays Capital High Yield Bond SPDRS
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JNK |
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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 – iShares MSCI Japan Index ETF – EWJ
Most Oversold
The following ETFs are the most oversold for Tuesday, May 5, 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 Barclays Aggregate Bond ETF
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AGG |
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Oversold ETF Chart of the Day – iShares Barclays Aggregate Bond ETF – AGG
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.
David Penn is Editor in Chief at TradingMarkets.com.