TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, April 29, 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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Health Care Select Sector SPDRS ETF
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XLV |
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Utilities Select Sector SPDRS ETF
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XLU |
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ProShares UltraShort Semiconductor ETF
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SSG |
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Vanguard Health Care ETF
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VHT |
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Overbought ETF Chart of the Day – Health Care Select Sector SPDRS ETF – XLV
Most Oversold
The following ETFs are the most oversold for Wednesday, April 29, 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 iBoxx Investment Grade Corporate Bond ETF
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LQD |
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iShares Silver Trust ETF
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SLV |
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SPDRS Gold Shares ETF
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GLD |
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ProShares Consumer Goods ETF
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SZK |
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Oversold ETF Chart of the Day – SPDRS Gold Shares ETF – GLD
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