TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, July 8, 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 UltraShort Basic Materials ETF
(
SMN |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Oil & Gas ETF
(
DUG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort QQQ ETF
(
QID |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort MidCap 400 ETF
(
MZZ |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort S&P 500 ETF
(
SDS |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Russell 2000 ETF
(
TWM |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Financials ETF
(
SKF |
Quote |
Chart |
News |
PowerRating)

ProShares Short S&P 500 ETF
(
SH |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort MSCI Emerging Markets ETF
(
EEV |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Dow 30 ETF
(
DXD |
Quote |
Chart |
News |
PowerRating)

iShares Barclays 7-10 Year Treasury Bond ETF
(
IEF |
Quote |
Chart |
News |
PowerRating)

ProShares Short Dow 30 ETF
(
DOG |
Quote |
Chart |
News |
PowerRating)

PowerShares DB U.S. Dollar Index Bullish ETF
(
UUP |
Quote |
Chart |
News |
PowerRating)

iShares Barclays Aggregate Bond ETF
(
AGG |
Quote |
Chart |
News |
PowerRating)

iShares Barclays 20+ Year Treasury Bond ETF
(
TLT |
Quote |
Chart |
News |
PowerRating)

DB Gold Double Short ETN
(
DZZ |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort FTSE/Xinhua China 25 Index ETF
(
FXP |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Short Real Estate ETF
(
SRS |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – ProShares UltraShort Basic Materials – SMN

SMN

Most Oversold

The following ETFs are the most oversold for Wednesday, July 8, 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.

SPDR S&P Metals & Mining ETF
(
XME |
Quote |
Chart |
News |
PowerRating)

PowerShares QQQ Trust ETF
(
QQQQ |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra QQQ ETF
(
QLD |
Quote |
Chart |
News |
PowerRating)

PowerShares Golden Dragon Hatler USX China Portfolio ETF
(
PGJ |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Basic Materials Index ETF
(
IYM |
Quote |
Chart |
News |
PowerRating)

PowerShares Wilderhill Clean Energy Portfolio
(
PBW |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Broker-Dealer Index ETF
(
IAI |
Quote |
Chart |
News |
PowerRating)

Market Vectors Steel ETF
(
SLX |
Quote |
Chart |
News |
PowerRating)

SPDR KBW Capital Markets ETF
(
KCE |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Oil Fund
(
DBO |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Australia Index ETF
(
EWA |
Quote |
Chart |
News |
PowerRating)

iShares iBoxx High Yield Corporate Bond ETF
(
HYG |
Quote |
Chart |
News |
PowerRating)

Vanguard Growth ETF
(
VUG |
Quote |
Chart |
News |
PowerRating)

Technology Select Sector SPDRS ETF
(
XLK |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Technology ETF
(
ROM |
Quote |
Chart |
News |
PowerRating)

iShares Russell MidCap Growth Index ETF
(
IWP |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Telecommunications Sector Index ETF
(
IYZ |
Quote |
Chart |
News |
PowerRating)

iShares S&P MidCap 400/Barra Growth Index ETF
(
IJK |
Quote |
Chart |
News |
PowerRating)

Enbridge Energy Partners LP ETF
(
EEP |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Technology Sector Index ETF
(
IYW |
Quote |
Chart |
News |
PowerRating)

iShares Russell 3000 Index ETF
(
IWV |
Quote |
Chart |
News |
PowerRating)

iShares Russell MidCap Index ETF
(
IWR |
Quote |
Chart |
News |
PowerRating)

iShares S&P 500/Barra Growth Index ETF
(
IVW |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Brazil Index ETF
(
EWZ |
Quote |
Chart |
News |
PowerRating)

Market Vectors Agribusiness ETF
(
MOO |
Quote |
Chart |
News |
PowerRating)

Oversold ETF Chart of the Day – SPDR S&P Metals & Mining ETF – XME

XME

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.