TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • June 29, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, June 30, 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 order.

iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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SPDR KBW Bank ETF
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KBE |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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iShares Dow Jones U.S. Financial Sector Index ETF
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IYF |
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ProShares Ultra Financials ETF
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UYG |
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Retail Banking HOLDRs
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RKH |
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Vanguard Financials ETF
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VFH |
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iShares Dow Jones U.S. Home Construction Index ETF
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ITB |
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ProShares Ultra S&P 500 ETF
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SSO |
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iShares Dow Jones Select Dividend Index ETF
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DVY |
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iShares Dow Jones U.S. Regional Banks Index ETF
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IAT |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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ProShares Ultra Russell 2000 ETF
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UWM |
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ProShares Ultra Real Estate ETF
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URE |
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SPDR Dow Jones Wilshire REIT ETF
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RWR |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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ProShares Ultra Basic Materials ETF
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UYM |
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Industrial Select Sector SPDRS ETF
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XLI |
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iShares Cohen & Steers Realty Major Index ETF
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ICF |
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ProShares Ultra Dow 30 ETF
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DDM |
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iShares Dow Jones Transportation Average Index ETF
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IYT |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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United States Oil Fund ETF
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USO |
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SPDR Homebuilders ETF
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XHB |
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Vanguard REIT ETF
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VNQ |
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ProShares Ultra Oiil & Gas ETF
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DIG |
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Overbought ETF Chart of the Day – iShares Dow Jones U.S. Home Construction Index – ITB

ITB

Most Oversold

The following ETFs are the most oversold for Tuesday, June 30, 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 order.

iShares Silver Trust ETF
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SLV |
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Oversold ETF of the Day – iShares Silver Trust ETF – SLV

SLV

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..