TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, July 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 order.

iShares Dow Jones Transportation Average Index ETF
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IYT |
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PowerRating)

Industrial Select Sector SPDR ETF
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XLI |
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SPDR Homebuilders ETF
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XHB |
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iShares Dow Jones Select Dividend Index ETF
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DVY |
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ProShares Ultra Russell 2000 ETF
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UWM |
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iShares Russell 2000 Value Index ETF
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IWN |
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iShares Russell 1000 Value Index ETF
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IWD |
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SPDR S&P Oil & Gas Exploration and Production ETF
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XOP |
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ProShares Ultra Dow 30 ETF
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DDM |
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Energy Select Sector SPDR ETF
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XLE |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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ProShares Ultra Oil & Gas ETF
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DIG |
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Vanguard REIT ETF
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VNQ |
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iShares Dow Jones U.S. Energy Sector Index ETF
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IYE |
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ProShares Ultra Real Estate ETF
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URE |
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iShares Cohen & Steers Realty Majors Index ETF
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ICF |
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SDPR Dow Jones Wilshire REIT ETF
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RWR |
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SPDR Lehman 1-3 Month t-Bill ETF
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BIL |
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ProShares Ultra Financials ETF
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UYG |
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Overbought ETF Chart of the Day – iShares Dow Jones Transportation Average ETF – IYT

IYT

Most Oversold

The following ETFs are the most oversold for Wednesday, July 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 order.

PowerShares DB Oil Fund
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DBO |
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News |
PowerRating)

iShares Barclays TIPS Bond ETF
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TIP |
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Vanguard Total Bond Market ETF
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BND |
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PowerRating)

Oversold ETF of the Day – PowerShares DB Oil Fund – DBO

DBO

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