TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, June 3, 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.

Dow Diamonds ETF
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DIA |
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Health Care Select Sector SPDRS ETF
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XLV |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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iShares S&P 100 Index ETF
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OEF |
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iShares Dow Jones U.S. Transportation Average ETF
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IYT |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Rydex 2x S&P 500 ETF
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RSU |
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SPDR Homebuilders ETF
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XHB |
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United States Oil Fund ETF
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USO |
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ProShares Ultra Basic Materials ETF
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UYM |
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ProShares Ultra Industrials ETF
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UXI |
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ProShares Ultra S&P 500 ETF
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SSO |
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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

XLV

Most Oversold

The following ETFs are the most oversold for Wednesday, June 3, 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.

Vanguard Short Term Bond ETF
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BSV |
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Oversold ETF Chart of the Day – Vanguard Short Term Bond ETF – BSV

BSV

Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate – Click here to learn more.

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