TradingMarkets Most Overbought and Oversold ETFs for Wednesday

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.

United States Oil Fund ETF ( USO | Quote | Chart | News | PowerRating)

ProShares Ultra Basic Materials ETF [UYM|UYM}

ProShares Ultra Consumer Services ETF ( UCC | Quote | Chart | News | PowerRating)

ProShares Ultra Financial ETF ( UYG | Quote | Chart | News | PowerRating)

ProShares Ultra Industrials ETF ( UXI | 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.

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

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

TIP

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Name	Symbol	PR
Benchmark Electronics	BHE	10
Direxion Developed Markets Bear 3X Shares	DPK	10
ProShares UltraShort MSCI EAFE	EFU	10
ProShares Trust II: UltraShort Euro	EUO	10
Georgia Gulf Corp	GGC	10
Direxion Technology Bear 3X Shares	TYP	10
Achillion Pharm Inc	ACHN	9
Au Optronics Corp ADS	AUO	9
Yamana Gold Inc	AUY	9
Bio-Reference Labs Inc	BRLI	9

TradingMarkets Most Overbought and Oversold ETFs for Wednesday

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