TradingMarkets Most Overbought and Oversold ETFs for Monday

By | TradingMarkets.com | June 05, 2009 05:45 PM
Symbols: DDM, IYT, DIA, IBB, ICF

Most Overbought


The following ETFs are the most overbought for Monday, June 8, 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.


ProShares Ultra Dow 30 ETF ( DDM | Quote | Chart | News | PowerRating)

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

iShares Nasdaq Biotechnology Index ETF ( IBB | Quote | Chart | News | PowerRating)

iShares Cohen & Steers Realty Majors Index ETF ( ICF | Quote | Chart | News | PowerRating)


iShares Dow Jones Transportation Average ETF ( IYT | Quote | Chart | News | PowerRating)

iShares S&P 100 Index ETF ( OEF | Quote | Chart | News | PowerRating)

PowerShares Wilderhill Clean Energy Portfolio ETF ( PBW | Quote | Chart | News | PowerRating)


SPDR Dow Jones Wilshire REIT ETF ( RWR | Quote | Chart | News | PowerRating)

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

ProShares Ultra Real Estate ETF ( URE | Quote | Chart | News | PowerRating)

ProShares Ultra Russell 2000 ETF ( UWM | Quote | Chart | News | PowerRating)


Vanguard REIT ETF ( VNQ | Quote | Chart | News | PowerRating)

SDPR S&P Biotech ETF ( XBI | 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)

ProShares Ultra MidCap 400 ETF ( MVV | Quote | Chart | News | PowerRating)

ProShares Ultra Industrials ETF ( UXI | Quote | Chart | News | PowerRating)


Overbought ETF Chart of the Day - ProShares Ultra Industrials ETF - UXI


UXI


The following ETFs are the most oversold for Monday, June 8, 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 iBoxx Investment Grade Corporate Bond ETF ( LQD | Quote | Chart | News | PowerRating)

iShares Barclays TIPS Bond ETF ( TIP | Quote | Chart | News | PowerRating)

Vanguard Short Term Bond ETF ( BSV | Quote | Chart | News | PowerRating)

Consumer Discretionary Select Sector SPDRS ETF ( XLY | Quote | Chart | News | PowerRating)


CurrencyShares British Pound Sterling Trust ( FXB | Quote | Chart | News | PowerRating)

CurrencyShares Canadian Dollar Trust ( FXC | Quote | Chart | News | PowerRating)

CurrencyShares Euro Trust ( FXE | Quote | Chart | News | PowerRating)

DB Gold Double Long ETN ( DGP | Quote | Chart | News | PowerRating)


iShares MSCI Japan Index ETF ( EWJ | Quote | Chart | News | PowerRating)

iShares MSCI Taiwan Index ETF ( EWT | Quote | Chart | News | PowerRating)

iShares COMEX Gold Trust ( IAU | Quote | Chart | News | PowerRating)

iShares MSCI EAFE Index ETF ( EFA | Quote | Chart | News | PowerRating)


iShares Silver Trust ( SLV | Quote | Chart | News | PowerRating)

Market Vectors Gold Miners ETF ( GDX | Quote | Chart | News | PowerRating)

Semiconductor HOLDRS ( SMH | Quote | Chart | News | PowerRating)

SPDR Gold Shares ETF ( GLD | Quote | Chart | News | PowerRating)

Vanguard European ETF ( VGK | Quote | Chart | News | PowerRating)


Oversold ETF Chart of the Day - iShares MSCI Japan Index ETF - EWJ


UXI


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.


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.



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: June 05, 2009

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