PowerRatings traders who have been patiently waiting for the market to pull back have finally got their wish. The selling sent the PowerRatings of a sizable number of stocks, exchange-traded funds and leveraged ETFs soaring ahead of Wednesday’s trading. Here’s a closer look.

With U.S. markets largely overbought, many of the best opportunities will be found in high rated country ETFs and publishing stocks. Traders should also be alert to the potential of profit-taking, which could result in sudden and significant moves lower over the balance of the week.

In our survey of the current market for potential new opportunities: gold, country funds and pharmaceuticals are in the spotlight. See what stocks, ETFs and leveraged ETFs are on our list as a new trading week begins.

What’s in store for the final trading day of the week? Health care and pharmaceutical stocks represent some of our highest rated stocks. Plus, find out what country funds earned major ETF PowerRatings upgrades and which leveraged ETFs traders should avoid – or consider selling short.

Looking forward over the next five days, here are some of the stocks and ETFs that high probability traders should keep their eyes on. These include Green Mountain Coffee Roasters and oversold country funds like the iShares MSCI Hong Kong Index Fund ETF.

Of late, a number of leveraged ETFs that had earned top leveraged ETF PowerRatings have advanced from very oversold levels. Here’s a look at how three of these leveraged ETFs, representing financials, tech and crude oil have performed in recent days.

Here’s a look at how recently oversold markets spotted by our high probability trading strategies and techniques have fared of late.

Here are a few stocks and exchange-traded funds that have made significant gains in recent days and are especially deserving of note. Among the more impressive moves was the gain of more than 5% by Marinemax Inc.

For high probability traders, there is a wealth of new potential opportunities in markets that have become oversold. These potential new opportunities can be found in stocks such as Wal-Mart, as well as in exchange-traded funds representing health care and South Africa.