TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, May 27, 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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Dow Diamonds ETF
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DIA |
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Energy Select Sector SPDRS ETF
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XLE |
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Financial Select Sector SPDRS ETF
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XLF |
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Health Care Select Sector SPDRS ETF
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XLV |
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Industrial Select Sector SPDRS ETF
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XLI |
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iShares Dow Jones U.S. Real Estate ETF
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IYR |
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iShares Russell Midcap Value Index ETF
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IWS |
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iShares Russell 1000 Index ETF
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IWB |
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iShares Russell 2000 Index ETF
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IWM |
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iShares Russell 3000 Index ETF
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IWV |
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iShares S&P 100 Index ETF
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OEF |
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iShares S&P Small Cap 600 Index ETF
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IJR |
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iShares Dow Jones Transportation Average ETF
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IYT |
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PowerShares DB Oil ETF
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DBO |
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ProShares Ultra Technology ETF
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ROM |
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ProShares Ultra Midcap 400 ETF
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MVV |
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ProShares Ultra QQQ ETF
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QLD |
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Rydex 2x S&P 500 ETF
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RSU |
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SPDR S&P 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 [UYM|UYM}

ProShares Ultra Consumer Services ETF
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UCC |
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ProShares Ultra Financial ETF
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UYG |
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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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Utilities Select Sector SPDRS ETF
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XLU |
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Vanguard Health Care ETF
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VHT |
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Vanguard Midcap Value ETF
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VOE |
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Vanguard Total Stock Market ETF
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VTI |
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Overbought ETF Chart of the Day – ProShares Ultra Technology ETF – ROM

ROM

Most Oversold

The following ETFs are the most oversold for Wednesday, May 27, 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 Barclays Aggregate Bond Index ETF
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AGG |
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PowerRating)

iShares Barclays TIPS Bond Index ETF
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TIP |
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CurrencyShares Japanese Yen Trust ETF
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FXY |
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PowerShares DB Crude Oil Short ETN
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SZO |
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Vanguard Short Term Bond ETF
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BSV |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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Vanguard Total Bond Market ETF
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BND |
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Oversold ETF Chart of the Day – iShares Barclays TIPS Bond Index – TIP

TIP

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.