Monday, October 19, 2009

The Top 20 ETFs to Buy and To Sell Out of 776 ETFs

We computed the RSI7 numbers for all ETFs in the U.S. market. Out of 776 ETFs, below you will find the 20 most overbought and 20 most oversold ETFs. We use the successful RSI-A (average of daily, weekly, and monthly values) to determine the current order or ranking of the ETFs.

Top 20 Most Oversold ETFs:

You will notice that the energy and oil bear ETFs (ultra short) are in the above list, which makes sense since oil has gone up recently. In fact, all ETFs on this list are bear ETFs! Clearly, this is another indication that the market is currently overbought.

Top 20 Most Overbought ETFs:

The most overbought ETFs are the ETFs for Malaysia and Brazil, which you already knew since track them live in our Live Tracking site of all Global ETFs. The Australian and dollar and Brazilian Real are way up there too (live tracking of all currency ETFs). Another category that figures prominently in this list is consumer staples.

For your convenience, these are the names of the above ETFs:

(please click to enlarge)

You may receive technical analysis and alerts of these stocks sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

This is not investment advice. Please do your own due dilligence.

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