TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, April 15, 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 MSCI Taiwan Index ETF
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EWT |
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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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Vanguard Health Care ETF
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VHT |
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Currency Shares Japanese Yen Trust
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FXY |
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CurrencyShares British Pound Sterling Trust
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FXB |
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CurrencyShares Canadian Dollar Trust
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FXC |
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Overbought ETF Chart of the Day – Semiconductor HOLDRs – SMH

SMH Chart

Most Oversold

The following ETFs are the most oversold for Wednesday, April 15, 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 Health Care ETF
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RXD |
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PowerRating)

PowerShares DB U.S. Dollar Index Bullish ETF
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UUP |
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Oversold ETF Chart of the Day – ProShares UltraShort Health Care ETF – RXD

RXD Chart

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