TradingMarkets Most Overbought and Oversold ETFs for Thursday

By | TradingMarkets.com | May 27, 2009 06:55 PM
Symbols: AGG, USO, DBO, SZK

Most Overbought


The following ETFs are the most overbought for Thursday, May 28, 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.


PowerShares DB Oil ETF ( DBO | Quote | Chart | News | PowerRating)

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

ProShares UltraShort Consumer Goods ETF ( SZK | Quote | Chart | News | PowerRating)


Overbought ETF Chart of the Day - ProShares UltraShort Consumer Goods ETF - SZK


SZK


Find out what you need to know about trading exchange-traded funds (ETFs) in our primer: ETF Basics: What You Need to Know about Exchange-Traded Funds.


Most Oversold


The following ETFs are the most oversold for Thursday, May 28, 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)


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 Aggregate Bond Index ETF - AGG


AGG


According to a recent report, eight out of ten securities traded are exchange-traded funds (ETFs). Learn to trade ETFs! Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading.




Want updates on our latest articles? Have something to say to David Penn or the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets.

Original publication: May 27, 2009

How to Successfully Trade ETFs

Do you want to learn how to trade more successfully, more consistently ... and with more confidence? If so, then the TPS strategy is for you.

Hundreds, if not now thousands, of ETF traders successfully use the TPS trading strategy to find the best ETF trade set-ups each day to place winning trades.

FREE NEWSLETTERS

What Stocks and ETFs are headed up and down this week?

Our Weekly Newsletter covers this in dept and gives performance information on the previous week.

TradingMarkets Weekly Newsletter

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Tuesday February 21 01:00 PM
Presented By Phil Suarez
Thursday February 23 12:30 PM
Presented By Kevin Haggerty
* Attendance is strictly limited and seats are filled on a first-come, first-served basis.