Most Overbought ETFs

Most Overbought

The following ETFs are the most overbought for Tuesday, June 23, 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 UltraShort Oil & Gas ETF (NYSE:DUG - News)

ProShares UltraShort Dow 30 ETF (NYSE:DXD - News)

ProShares UltrraShort MSCI Emerging Markets ETF (NYSE:EEV - News)

ProShares UltraShort MidCap 400 ETF (NYSE:MZZ - News)

ProShares UltraShort FTSE/Xinhua China 25 ETF (NYSE:FXP - News)

ProShares UltraShort S&P 500 ETF (NYSE:SDS - News)

ProShares UltraShort Russell 2000 ETF (NYSE:TWM - News)

DB Gold Double Short ETN (NYSE:DZZ - News)

ProShares Short Dow 30 ETF (NYSE:DOG - News)

ProShares Short QQQ ETF (NYSE:PSQ - News)

ProShares UltraShort Real Estate ETF (NYSE:SRS - News)

ProShares UltraShort QQQ ETF (NYSE:QID - News)

ProShares UltraShort Financials ETF (NYSE:SKF - News)

iShares Barclays 1-3 Year Treasury Bond ETF (NYSE:SHY - News)

iShares Barclays 20+ Year Treasury Bond ETF (NYSE:TLT - News)

iShares Barclays 7-10 Year Treasury Bond ETF (NYSE:IEF - News)

ProShares UltraShort Basic Materials ETF (NYSE:SMN - News)

ProShares Short S&P 500 ETF (NYSE:SH - News)

Overbought ETF Chart of the Day - ProShares UltraShort S&P 500 ETF - SDS

Most Oversold

The following ETFs are the most oversold for Tuesday, June 23, 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.

Market Vectors Russia ETF (NYSE:RSX - News)

BLDRS Emerging Markets 50 ADR Index ETF (NYSE:ADRE - News)

Oil Services HOLDRs (NYSE:OIH - News)

SPDR S&P BRIC 40 ETF (NYSE:BIK - News)

iShares MSCI South Africa Index ETF (NYSE:EZA - News)

SPDDR S&P International Small Cap ETF (NYSE:GWX - News)

PowerShares DB Oil ETF (NYSE:DBO - News)

iShares MSCI South Korea Index ETF (NYSE:EWY - News)

iShares MSCI Malaysia Index ETF (NYSE:EWM - News)

Market Vectors Steel ETF (NYSE:SLX - News)

Market Vectors Coal ETF (NYSE:KOL - News)

iShares Dow Jones U.S. Basic Materials Index ETF (NYSE:IYM - News)

SPDR S&P Midcap Trust Series ETF (NYSE:MDY - News)

PowerShares DB Base Metals ETF (NYSE:DBB - News)

Vanguard Emerging Markets ETF (NYSE:VWO - News)

iShares Dow Jones U.S. Telecommunications Sector Index ETF (NYSE:IYZ - News)

WisdomTree India Earnings Fund ETF (NYSE:EPI - News)

iShares Russell MidCap Index ETF (NYSE:IWR - News)

iShares FTSE/Xinhua China 25 Index ETF

iShares S&P Latin America 40 Index ETF (NYSE:ILF - News)

iShares MSCI Emerging Market Index ETF (NYSE:EEM - News)

Rydex S&P Equal Weight ETF (NYSE:RSP - News)

iShares S&P 500/Barra Growth Index ETF

iShares Silver Trust ETF (NYSE:SLV - News)

Claymore Bny BRIC ETF (NYSE:EEB - News)

Oversold ETF of the Day - Vanguard Emerging Markets ETF - VWO

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.