TradingMarkets Most Overbought and Oversold ETFs for Wednesday

  • May 5, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Wednesday, May 6, 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 Discretionary Select Sector SPDRS ETF
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XLY |
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Health Care Select Sector SPDRS ETF
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XLV |
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Financial Select Sector SPDRS ETF
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XLF |
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Industrial Select Sector SPDRS ETF
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XLI |
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Utilities Select Sector SPDRS ETF
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XLU |
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Dow Diamonds ETF
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DIA |
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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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iShares MSCI Japan Index ETF
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EWJ |
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iShares Dow Jones Transportation Average ETF
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IYT |
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iShares MSCI EAFE Index ETF
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EFA |
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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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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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ProShares Ultra QQQ ETF
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QLD |
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iShares iBoxx High Yield Corporate Bond ETF
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HYG |
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Overbought ETF Chart of the Day: iShares Russell 2000 Index ETF – IWM

IWM Chart

Are you new to exchange-traded funds (ETFs)? Be sure to read our ETF primer, ETF Basics: What You Need to Know About Exchange-Traded Funds.

Most Oversold

The following ETFs are the most oversold for Wednesday, May 6, 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.

We have no oversold ETFs in our database as of the Tuesday, May 5, 2006 close.

In High Probability ETF Trading you can learn strategies to enhance your ETF trading. Trading overbought and oversold markets is just one quantifiable strategy for trading ETFs — click here to learn more.