TradingMarkets Most Overbought and Oversold ETFs for Tuesday
Most Overbought
The following ETFs are the most overbought for Tuesday, June 2, 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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Dow Diamonds ETF
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DIA |
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Financial Select Sector SPDRS ETF
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XLF |
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Health Care Select Sector SPDRS ETF
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XLV |
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Industrial Select Sector SPDRS ETF
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XLI |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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iShares S&P 100 Index ETF
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OEF |
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iShares Dow Jones U.S. Transportation Average ETF
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IYT |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Rydex 2x S&P 500 ETF
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RSU |
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SPDR Homebuilders ETF
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XHB |
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United States Oil Fund ETF
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USO |
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ProShares Ultra Basic Materials ETF
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UYM |
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ProShares Ultra Financials ETF
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UYG |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra S&P 500 ETF
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SSO |
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Utilities Select Sector SPDRS ETF
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XLU |
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Vanguard Health Care ETF
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VHT |
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Regional Bank HOLDRs
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RKH |
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Overbought ETF Chart of the Day – ProShares Ultra S&P 500 ETF – SSO
Most Oversold
The following ETFs are the most oversold for Tuesday, June 2, 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 Index ETF
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AGG |
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iShares Barclays TIPS Bond Index ETF
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TIP |
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CurrencyShares Japanese Yen Trust ETF
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FXY |
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Vanguard Short Term Bond ETF
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BSV |
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Vanguard Total Bond Market ETF
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BND |
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Oversold ETF Chart of the Day – Vanguard Short Term Bond ETF – BSV
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