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TradingMarkets Most Overbought and Oversold ETFs for Monday

By David Penn | TradingMarkets.com

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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.

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.

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.

>> See more articles by David Penn

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