ETFs continued to drift into oversold territory Thursday, leaving sectors like the Basic Materials heavily oversold after the iShares Dow Jones U.S. Basic Materials Index Fund ETF, IYM was hit with a 4% pullback.
A healthy list of ETFs makes up this week’s most overbought and oversold ETFs you need to know for Thursday, including the PowerShares DB U.S. Dollar Bearish Fund, UDN.
This week’s list of overbought and oversold ETFs includes several exchange-traded funds on both sides. Among them, the iShares Barclays 1-3 Year Treasury Bond Fund ETF, SHY is being featured as most overbought.
This week’s most overbought and oversold ETFs for Friday’s trading includes a long list of select funds including the iShares S&P Latin America 40 Index ETF, ILF.
Although U.S. equity index ETFs gained on Thursday, a number of country-based exchange-traded funds continued to move deeper into oversold territory above the 200-day moving average. Among them was the iShares MSCI Brazil Index Fund ETF, EWZ.
Contrasting Tuesday’s aggressive selling action, buyers entered the market in force Wednesday pushing health care related ETFs like the Vanguard Health Care Fund, VHT, higher by trading day’s end.
This week’s most overbought and oversold ETFs for Wednesday’s trading includes a healthy list of ETFs on both sides of the market line. Among them is the PowerShares Commodity Index Tracking ETF, DBC.
The following ETFs are the most overbought and oversold for Tuesday, January 12, 2010 and are due for a short term reversal.
This week’s most overbought and oversold ETFs for Thursday’s trading includes the Vanguard REIT ETF, VNQ.
Find out why scaling-in to high probability trades is a quantified way for short term traders to successfully trade both stocks and ETFs in this classic lesson from Larry Connors’ Daily Battle Plan.