TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • May 11, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, May 12, 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.

United States Oil Fund
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USO |
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ProShares UltraShort Semiconductor ETF
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SSG |
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ProShares UltraShort Technology ETF
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REW |
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PowerShares DB Agriculture ETF
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DBA |
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iShares S&P GSCI Commodity-Indexed Trust ETF
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GSG |
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iPath S&P GSCI Crude Oil Total Return Index ETN
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OIL |
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PowerShares Preferred Securities Index ETF
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PGX |
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Overbought ETF Chart of the Day – ProShares UltraShort Semiconductor ETF – SSG

SSG Chart

Most Oversold

The following ETFs are the most oversold for Tuesday, May 12, 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 Discretionary Select Sector SPDRS ETF
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XLY |
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iShares MSCI Hong Kong Index ETF
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EWH |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Claymore/BNY BRIC ETF
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EEB |
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iShares MSCI Pacific Ex-Japan ETF
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EPP |
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iShares MSCI Singapore Index ETF
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EWS |
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Market Vectors Coal ETF
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KOL |
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Oversold ETF Chart of the Day – iShares MSCI Hong Kong index ETF – EWH

EWH Chart

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..