The following ETFs are the most overbought and oversold for Friday, March 19 2010. Among them is the SPDR S&P Oil & Gas Exploration & Production ETF, XOP.
Thursday was a day of decline for U.S. markets, as the financial and energy sectors saw particularly aggressive selling action ProShares Ultra Financials ETF, UYG slid nearly 1% on the day.
This week’s most overbought and oversold ETFs for Thursday’s trading day includes the PowerShares DB Agriculture Fund ETF, DBA.
Energies, financials, and commodities attracted buyers in big numbers on Wednesday, sparking a nearly 2% gain in the ProShares Ultra Oil & Gas ETF, DIG.
Here are the most overbought and oversold ETFs for Wednesday’s trading, including the iShares Barclays 7-10 Treasury Bond Fund, IEF.
Commodity ETFs were in demand, leading to a gain of over 1% in the PowerShares DB Commodity Index Tracking ETF, DBC. DBC also rose about its 200-day moving average. See what other ETFs you should be watching for Wednesday’s trading.
This week’s most overbought and oversold ETFs for Tuesday includes the iShares MSCI Taiwan Index Fund ETF, EWT among several others.
Buyers stepped in just as markets were poised to close in oversold territory for the first time in more than a week. Early in the session, buyers were aggressive in Consumer Staples, sending the Consumer Staples Select Sector SPDRS ETF, XLP higher.
This week’s most overbought and oversold ETFs for Monday’s trading includes the PowerShares Wilderhill Clean Energy Portfolio ETF, PBW.
Soaring by nearly 2% on Friday after a one-day dip into oversold territory on Thursday was the ProShares Ultra Russell 2000 ETF, MOO. MOO was highlighted in yesterday’s TradingMarkets Most Overbought and Oversold ETFs for Friday column.