TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, May 26, 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 Dow 30 ETF
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DOG |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort Midcap 400 ETF
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MZZ |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort Consumer Services ETF
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SCC |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort Technology ETF
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REW |
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PowerShares DB Oil ETF
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DBO |
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Vanguard European Stock ETF
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VGK |
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Overbought ETF Chart of the Day – ProShares UltraShort Russell 2000 ETF – TWM

TWM

Most Oversold

The following ETFs are the most oversold for Tuesday, May 26, 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 MSCI Hong Kong Index ETF
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EWH |
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PowerRating)

iShares FTSE/Xinhua China 25 Index ETF
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FXI |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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iShares Barclays Aggregate Bond ETF
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AGG |
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Materials Select Sector SPDRS ETF
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XLB |
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PowerShares QQQ Trust ETF
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QQQQ |
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Technology Select Sector SPDRS ETF
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XLK |
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Vanguard Total Bond Market ETF
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BND |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Oversold ETF Chart of the Day – iShares FTSE/Xinhua China 25 Index ETF – FXI

FXI

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..