Most Overbought
The following ETFs are the most overbought for Tuesday, June 2, 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)
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 Index ETF (IYR | Quote | Chart | News | PowerRating)
iShares S&P 100 Index ETF (OEF | Quote | Chart | News | PowerRating)
iShares Dow Jones U.S. Transportation Average ETF (IYT | Quote | Chart | News | PowerRating)
ProShares Ultra MidCap 400 ETF (MVV | Quote | Chart | News | PowerRating)
Rydex 2x S&P 500 ETF (RSU | Quote | Chart | News | PowerRating)
SPDR Homebuilders ETF (XHB | Quote | Chart | News | PowerRating)
United States Oil Fund ETF (USO | Quote | Chart | News | PowerRating)
ProShares Ultra Basic Materials ETF (UYM | Quote | Chart | News | PowerRating)
ProShares Ultra Financials 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)
Regional Bank HOLDRs (RKH | Quote | Chart | News | PowerRating)
Overbought ETF Chart of the Day - ProShares Ultra S&P 500 ETF - SSO

Most Oversold
The following ETFs are the most oversold for Tuesday, June 2, 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)
Vanguard Total Bond Market ETF (BND | Quote | Chart | News | PowerRating)
Oversold ETF Chart of the Day - Vanguard Short Term Bond ETF - BSV

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