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.
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.
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.
Technology sector ETFs sold at the most aggressive levels during Wednesday’s trading. Among them the ProShares UltraShort Technology ETF, REW was a big gainer.