TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, June 24, 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 UltraShort Dow 30 ETF
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DXD |
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PowerRating)

ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares Short Dow 30 ETF
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DOG |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltrraShort MSCI Emerging Markets ETF
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EEV |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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Overbought ETF Chart of the Day – ProShares Short QQQ ETF – PSQ

PSQ

Most Oversold

The following ETFs are the most oversold for Wednesday, June 24, 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.

SPDR S&P BRIC 40 ETF
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BIK |
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News |
PowerRating)

iShares MSCI South Africa Index ETF
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EZA |
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PowerRating)

iShares MSCI Malaysia Index ETF
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EWM |
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iShares MSCI South Korea Index ETF
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EWY |
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PowerRating)

SPDR S&P Midcap Trust Series ETF
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MDY |
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News |
PowerRating)

iShares FTSE/Xinhua China 25 Index ETF
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FXI |
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News |
PowerRating)

iShares Russell MidCap Index ETF
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IWR |
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iShares MidCap 400 Index 400 ETF
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IJH |
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PowerShares Water Resource Portfolio ETF
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PHO |
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iShares S&P MidCap 400/Barra Growth Index ETF
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IJK |
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PowerRating)

iShares S&P 500/Barra Growth Index ETF
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IVW |
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PowerRating)

iShares MSCI Emerging Market Index ETF
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EEM |
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PowerRating)

iShares Russell MidCap Growth Index ETF
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IWP |
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iShares MSCI Sweden Index ETF
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EWD |
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Rydex S&P Equal Weight ETF
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RSP |
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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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Vanguard Small Cap ETF
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VB |
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iShares MSCI Pacific ex-Japan Index ETF
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EPP |
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Vanguard MidCap ETF
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VO |
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iShares Russell 2000 Growth Index ETF
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IWO |
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Retail HOLDRs
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RTH |
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PowerRating)

iShares MSCI Singapore Index ETF
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EWS |
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PowerRating)

Vanguard Total Stock Market ETF
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VTI |
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iShares Russell 3000 Index ETF
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IWV |
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iShares MSCI Mexico Index ETF
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EWW |
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PowerRating)

Oversold ETF of the Day – iShares MSCI Mexico Index ETF – EWW

EWW

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