Most Overbought
The following ETFs are the most overbought for Friday, July 10, 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 order.
ProShares UltraShort Russell 2000 ETF (TWM | Quote | Chart | News | PowerRating)
ProShares Short Russell 2000 ETF (RWM | Quote | Chart | News | PowerRating)
ProShares UltraShort MidCap 400 ETF (MZZ | Quote | Chart | News | PowerRating)
ProShares Ultra Short Real Estate ETF (SRS | Quote | Chart | News | PowerRating)
ProShares UltraShort S&P 500 ETF (SDS | Quote | Chart | News | PowerRating)
ProShares Short Dow 30 ETF (DOG | Quote | Chart | News | PowerRating)
ProShares Short S&P 500 ETF (SH | Quote | Chart | News | PowerRating)
ProShares UltraShort Dow 30 ETF (DXD | Quote | Chart | News | PowerRating)
DB Gold Double Short ETN (DZZ | Quote | Chart | News | PowerRating)
Overbought ETF Chart of the Day - ProShares UltraShort Russell 2000 ETF - TWM

Most Oversold
The following ETFs are the most oversold for Friday, July 10, 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 order.
iShares Silver Trust ETF (SLV | Quote | Chart | News | PowerRating)
iShares Russell 2000 Growth Index ETF (IWO | Quote | Chart | News | PowerRating)
iShares S&P Small Cap 600 Index ETF (IJR | Quote | Chart | News | PowerRating)
iShares S&P MidCap 400 Index ETF (IJH | Quote | Chart | News | PowerRating)
SPDRs S&P MidCap Trust Series ETF (MDY | Quote | Chart | News | PowerRating)
Market Vectors Gold Miners ETF (GDX | Quote | Chart | News | PowerRating)
Vanguard Large Cap ETF (VV | Quote | Chart | News | PowerRating)
iShares S&P Small Cap 600/Barra Growth Index ETF (IJT | Quote | Chart | News | PowerRating)
iShares Rusell 1000 Growth Index ETF (IWF | Quote | Chart | News | PowerRating)
iShares Barclays TIPS Bond ETF (TIP | Quote | Chart | News | PowerRating)
Vanguard Total Stock Market ETF (VTI | Quote | Chart | News | PowerRating)
iShares MSCI Japan Index ETF (EWJ | Quote | Chart | News | PowerRating)
Market Vectors Russia ETF (RSX | Quote | Chart | News | PowerRating)
SPDR Gold Miners ETF (GLD | Quote | Chart | News | PowerRating)
Oversold ETF of the Day - iShares MSCI Japan Index ETF - EWJ

In High Probability ETF Trading you can learn strategies to enhance your ETF trading. Trading overbought and oversold markets is just one quantifiable strategy for trading ETFs – click here to learn more.