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.
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.
Technology shares faced aggressive selling pressure during Monday’s trading, leaving XLK in oversold territory. See the rest of the ETFs that made our list for Tuesday’s trading.
Here’s the list of most overbought and oversold ETF funds to close the first week of the new year. The iShares Barclays 1-3 Year Treasury Bond Fund ETF, SHY made the list as the only overbought ETF of the bunch.
Selling pressure has moved from technology to the financials as exceptionally overbought ETFs like the ProShares Ultra Financials ETF, UYG pulled back by well over 1% to finish the week. By contrast, the ProShares Ultra Technology ETF, ROM fared much better.