TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, May 20, 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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Energy Select Sector SPDRS ETF
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XLE |
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iShares S&P 600 Small Cap Index ETF
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IJR |
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iShares Dow Jones Transportation Average ETF
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IYT |
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S&P 500 SPDRS ETF
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SPY |
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iShares Russell 2000 Index ETF
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IWM |
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Semiconductor HOLDRS
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SMH |
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Oil Service HOLDRS
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OIH |
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CurrencyShares British Pound Sterling Trust
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FXB |
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ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra Materials ETF
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UYM |
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Overbought ETF Chart of the Day – iShares Dow Jones Transportation Average ETF
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IYT |
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Most Oversold
The following ETFs are the most oversold for Wednesday, May 20, 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.
PowerShares DB Crude Oil Short ETN
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SZO |
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Oversold ETF Chart of the Day – PowerShares DB Crude Oil Short ETN – SZO
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