TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, July 1, 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.

ProShares Ultra Real Estate ETF
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URE |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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SPDR Dow Jones Wilshire REIT ETF
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RWR |
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iShares Cohen & Steers Realty Major Index ETF
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ICF |
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Vanguard REIT ETF
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VNQ |
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Vanguard Financials ETF
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VFH |
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DB Gold Double Short ETN
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DZZ |
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iShares Dow Jones Transportation Average Index ETF
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IYT |
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iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
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ProShares Ultra Russell 2000 ETF
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UWM |
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Overbought ETF Chart of the Day – Vanguard REIT ETF – VNQ

VNQ

Most Oversold

The following ETFs are the most oversold for Wednesday, July 1, 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 Silver Trust ETF
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SLV |
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PowerRating)

SPDR Gold Shares ETF
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GLD |
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DB Gold Double Long ETN
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DGP |
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iShares COMEX Gold Trust ETF
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IAU |
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Market Vectors Gold Miners ETF
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GDX |
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PowerShares DB Base Metals ETF
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DBB |
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Oil Service HOLDRS ETF
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OIH |
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iPath Dow Jones AIG Commodity Index Total Return ETN
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DJP |
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SPDR S&P Metals & Mining ETF
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XME |
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Oversold ETF of the Day – SPDR S&P Metals & Mining ETF – XME

XME

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