TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, April 8, 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 Short QQQ ETF
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ProShares UltraShort QQQ ETF
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ProShares UltraShort Russell Midcap Growth ETF
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ProShares UltraShort Consumer Services ETF
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ProShares UltraShort Oil & Gas ETF
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ProShares UltraShort Russell 2000 ETF
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ProShares UltraShort Technology ETF
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ProShares UltraShort S&P Midcap 400 ETF
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ProShares UltraShort Semiconductor ETF
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Most Overbought Chart of the Day – ProShares UltraShort Oil & Gas ETF
Are you new to exchange-traded funds (ETFs)? Be sure to read our ETF primer, TradingMarkets ETF Basics: What You Need to Know About Exchange-Traded Funds
Most Oversold
The following ETFs are the most oversold for Wednesday, April 8, 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 Barclay’s Aggregate Bond Index ETF
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iShares Barclay’s 20+ Year Treasury Bond Index ETF
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iShares Barclay’s TIPS Bond Index ETF
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Most Oversold Chart of the Day – iShares Barclay’s Aggregate Bond Index ETF
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