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TradingMarkets Most Overbought and Oversold ETFs for Wednesday

By David Penn | TradingMarkets.com
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Most Overbought

The following ETFs are the most overbought for Wednesday, May 27, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.

Consumer Staples Select Sector SPDRS ETF (XLP | Quote | Chart | News | PowerRating)
Dow Diamonds ETF (DIA | Quote | Chart | News | PowerRating)
Energy Select Sector SPDRS ETF (XLE | Quote | Chart | News | PowerRating)
Financial Select Sector SPDRS ETF (XLF | Quote | Chart | News | PowerRating)
Health Care Select Sector SPDRS ETF (XLV | Quote | Chart | News | PowerRating)

Industrial Select Sector SPDRS ETF (XLI | Quote | Chart | News | PowerRating)
iShares Dow Jones U.S. Real Estate ETF (IYR | Quote | Chart | News | PowerRating)
iShares Russell Midcap Value Index ETF (IWS | Quote | Chart | News | PowerRating)
iShares Russell 1000 Index ETF (IWB | Quote | Chart | News | PowerRating)
iShares Russell 2000 Index ETF (IWM | Quote | Chart | News | PowerRating)

iShares Russell 3000 Index ETF (IWV | Quote | Chart | News | PowerRating)
iShares S&P 100 Index ETF (OEF | Quote | Chart | News | PowerRating)
iShares S&P Small Cap 600 Index ETF (IJR | Quote | Chart | News | PowerRating)
iShares Dow Jones Transportation Average ETF (IYT | Quote | Chart | News | PowerRating)
PowerShares DB Oil ETF (DBO | Quote | Chart | News | PowerRating)

ProShares Ultra Technology ETF (ROM | Quote | Chart | News | PowerRating)
ProShares Ultra Midcap 400 ETF (MVV | Quote | Chart | News | PowerRating)
ProShares Ultra QQQ ETF (QLD | Quote | Chart | News | PowerRating)
Rydex 2x S&P 500 ETF (RSU | Quote | Chart | News | PowerRating)
SPDR S&P Homebuilders ETF (XHB | Quote | Chart | News | PowerRating)

United States Oil Fund ETF (USO | Quote | Chart | News | PowerRating)
ProShares Ultra Basic Materials ETF (UCC | Quote | Chart | News | PowerRating)
ProShares Ultra Financial ETF (UYG | Quote | Chart | News | PowerRating)
ProShares Ultra Industrials ETF (UXI | Quote | Chart | News | PowerRating)

ProShares Ultra S&P 500 ETF (SSO | Quote | Chart | News | PowerRating)
Utilities Select Sector SPDRS ETF (XLU | Quote | Chart | News | PowerRating)
Vanguard Health Care ETF (VHT | Quote | Chart | News | PowerRating)
Vanguard Midcap Value ETF (VOE | Quote | Chart | News | PowerRating)
Vanguard Total Stock Market ETF (VTI | Quote | Chart | News | PowerRating)

Overbought ETF Chart of the Day - ProShares Ultra Technology ETF - ROM

ROM

Most Oversold

The following ETFs are the most oversold for Wednesday, May 27, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.

iShares Barclays Aggregate Bond Index ETF (AGG | Quote | Chart | News | PowerRating)
iShares Barclays TIPS Bond Index ETF (TIP | Quote | Chart | News | PowerRating)
CurrencyShares Japanese Yen Trust ETF (FXY | Quote | Chart | News | PowerRating)

PowerShares DB Crude Oil Short ETN (SZO | Quote | Chart | News | PowerRating)
Vanguard Short Term Bond ETF (BSV | Quote | Chart | News | PowerRating)
iShares iBoxx Investment Grade Corporate Bond ETF (LQD | Quote | Chart | News | PowerRating)

Vanguard Total Bond Market ETF (BND | Quote | Chart | News | PowerRating)

Oversold ETF Chart of the Day - iShares Barclays TIPS Bond Index - TIP

TIP

In High Probability ETF Trading you can learn strategies to enhance your ETF trading. Trading overbought and oversold markets is just one quantifiable strategy for trading ETFs – click here to learn more.


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