Technology lead the way higher on muted Monday, with buyers also aggressive in financials and consumer cyclicals. See what ETFs moved into overbought territory as a result.
The most overbought and oversold ETFs for this upcoming Monday’s trading session is short and sweet. Check out the list as you gear up for next week’s trading. Good luck traders!
Buyers were on the offensive to finish the week, with financials and energies being the biggest sector beneficiaries. Up well over 3% were both the ProShares Ultra Financials ETF, UYG and the ProShares Ultra Oil & Gas ETF, DIG.
This week’s most overbought and oversold ETFs for Friday’s trading is full-tilt overbought and includes the iShares MSCI Germany Index Fund ETF, EWG.
U.S. markets were little changed on Thursday, which allowed overbought conditions to become even more overbought in many instances. Among the ETFs heading that direction is the SPDR S&P 500 Trust ETF, SPY.
Overbought conditions continued to characterize most equity index exchange-traded fund (ETF) markets at midweek leading to these select ETFs for Thursday’s trading.
This week’s overbought and oversold ETFs for Wednesday’s trading is a short and concise list, with the iShares/Xinhua China 25 ETF, FXI among them.
Buyers were most aggressive in the energy patch, bidding higher shares of exchange-traded funds (ETFs) like the ProShares Ultra Oil & Gas ETF, DIG. DIG has closed in overbought territory above the 200-day moving average for the past two days in a row.
This week’s most overbought and oversold ETFs for Tuesday’s trading includes the iShares MSCI Germany Index Fund ETF, EWG. See what other ETFs made the list.
Buyers were back on the offensive to start the first trading day of the week and month. Overbought conditions continue to characterize most markets, with the SDPR S&P 500 Trust ETF, SPY.