What are the most overbought and oversold ETFs in our database ahead of Tuesday’s trading? Among them the PowerShares Preferred Portfolio ETF is at oversold levels. See what other ETF funds made our list.
Exchange-traded funds favored the overbought side of the line today as the market swung bullish following Tuesday’s sell-offs. Among the most oversold ETF funds to watch for Thursday’s trading, we highlight the iPath S&P Goldman Sachs Crude Oil Trust Index ETF, OIL.
On the final trading day of 2009, financials were the upside beneficiaries of what little trading there was. Rallying from short term oversold conditions above the 200-day moving average at week’s end were the ProShares Ultra Financials ETF, UYG and the Vanguard Financial ETF, VFH.