This week’s most overbought and oversold ETFs for Thursday’s trading includes the ProShares UltraShort Real Estate ETF, SRS.
Financials gained one day after dipping into oversold territory and earning some of our highest ETF PowerRatings. Typical of the advance in financials was the reversal to the upside by the Direxion Financial Bull 3x Shares, FAS.
This week’s overbought and oversold ETFs for Wednesday’s trading includes the PowerShares DB Agriculture Fund ETF, DBA.
Technology ruled the day’s modest market movement, with Apples planned weekend launch of the iPad and news of their fourth generation iPhone, compatible with AT&T as well as Verizon. Other sectors weren’t so well-off, leaving ETFs like the ProShares UltraShort Semiconductor ETF, SSG deep in oversold territory at the close.
This week’s most overbought and oversold ETFs for Tuesday’s trading includes the PowerShares Wilderhill Clean Energy Portfolio ETF, PBW.
One of the biggest ETF PowerRatings upgrades on Monday was the four-point upgrade in the iShares Dow Jones U.S. Broker-Dealers Index Fund ETF, IAT. Not far behind was the three-point upgrade in the iShares MSCI Chile Investable Markets Index Fund ETF, KRE.
This week’s most overbought and oversold ETFs for Monday’s trading include the ProShares UltraShort Oil & Gas ETF, DUG.
Materials were up on the final trading day of the week, as exchange-traded funds like the ProShares Ultra Basic Materials ETF, UYM rallied from a one-day dip into oversold territory above the 200-day moving average.
The most overbought and oversold ETFs for Friday’s trading includes the ProShares UltraShort FTSE/Xinhua China 25 ETF, FXP.
Equity index funds edged higher on Thursday, led by ETF funds like Dow DIAMONDS Trust ETF, DIA and iShares Russell 2000 Index Fund ETF, IWM.