TradingMarkets Most Overbought and Oversold ETFs for Wednesday

By | TradingMarkets.com | June 02, 2009 05:10 PM

Most Overbought


The following ETFs are the most overbought for Wednesday, June 3, 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.


Dow Diamonds ETF ( DIA | Quote | Chart | News | PowerRating)

Health Care Select Sector SPDRS ETF ( XLV | 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 Industrials ETF ( UXI | Quote | Chart | News | PowerRating)


ProShares Ultra S&P 500 ETF ( SSO | Quote | Chart | News | PowerRating)

Vanguard Health Care ETF ( VHT | Quote | Chart | News | PowerRating)


Overbought ETF Chart of the Day - Health Care Select Sector SPDRS ETF - XLV


XLV


Most Oversold


The following ETFs are the most oversold for Wednesday, June 3, 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 Short Term Bond ETF ( BSV | Quote | Chart | News | PowerRating)


Oversold ETF Chart of the Day - Vanguard Short Term Bond ETF - BSV


BSV


Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate - Click here to learn more.


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Original publication: June 02, 2009

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