Saturday, October 24, 2009

Top 20 ETFs to Buy And To Sell Out of 770 ETFs For Week of October 24

We computed the RSI7 levels for all ETFs on the U.S market (about 770 of them!). Here is the list of most overbought and most oversold ETFs, based on both the RSI7 daily and the RSI7-A, which is the average of daily, weekly, and monthly.

The lists includes all ETFs, including single, forward, inverse and leveraged flavours.

The daily is for those who are more short-term inclined. In any case, many names appear on both daily and average lists.

Overall, there are only 17 oversold ETFs, compared to 36 overbought ones.

Top 20 ETFs to buy

These are the most oversold ETFs. This select group includes mostly healthcare and biotech, technology, the Japanese Yen, and short oil funds (meaning oil is too expensive).

Based on RSI7 Daily:

Based on RSI7-Average:

The top 20 ETFs to sell

These are the most overbought ETFs. The most overvalued ETF in this group is a curiosity. OTR tracks the universe of companies Ocean Tomo 300 Patent Index, stocks selected on the basis of the value of their intellectual property, specifically their patent valuations. Other ETFs in this group include gasoline and energy, as well as Russian Ruble and Euro, and the Chile ETF.

Here the are, based on RSI7 Daily:

Based on RSI7 Average:

For your convenience, the full names of all the ETFs above are:

BBH Biotech HOLDRs (ETF)
BGZ Direxion Daily Large Cp Bear 3X Shs(ETF)
BKF iShares MSCI BRIC Index Fund (ETF)
BNZ WisdomTree Dreyfus NZ Dollar Fund (ETF)
BZF WisdomTree Dreyfus ETF BZ Real Fnd (ETF)
CMD ProShares UltraShort DJ-AIG Commodity
DBB Powershares DB Base Metals Fund (ETF)
DBC PowerShares DB Com Indx Trckng Fund(ETF)
DBE PowerShares DB Energy Fund (ETF)
DBO PowerShares DB Oil Fund (ETF)
DBV Powershares DB G10 Currency Harvest Fund
DFJ WisdomTree Japan SmallCap Div Fd (ETF)
DNH WisdomTree Pacific ex-Japan Eq Inc (ETF)
DPK Direxion Daily Dpd Mkts Bear 3x Shs(ETF)
DUG ProShares UltraShort Oil & Gas (ETF)
ECH iShares MSCI Chile Inv. Mt. Idx. Fd(ETF)
EEV ProShares UltraShrt Mrkt (ETF)
EPP iShares MSCI Pacific ex-Japan Idx (ETF)
ERY Direxion Daily Energy Bear 3X Shs(ETF)
EUM ProShares Short MSCI Emerging Mark (ETF)
EUO ProShares UltraShort Euro (ETF)
EWA iShares MSCI Australia Index Fund (ETF)
EWD iShares MSCI Sweden Index (ETF)
EWM iShares MSCI Malaysia Index Fund (ETF)
FBT First Trust NYSE Arca Biotechnology(ETF)
FDN First Trust DJ Internet Index Fund (ETF)
FVI First Trust Value Line Eq All Fnd (ETF)
FXA CurrencyShares Australian Dollar Trust
FXP ProShares UltraSh FTSE/Xinhua China 25
FXY CurrencyShares Japanese Yen Trust
GLL ProShares UltraShort Gold (ETF)
GML SPDR S&P Emerging Latin America (ETF)
HHH Internet HOLDRs (ETF)
HYG iShares iBoxx $ High Yid Corp Bond (ETF)
IBB iShares NASDAQ Biotechnology Index (ETF)
ITM Market Vectors-Inter. Muni. Index (ETF)
IYT iShares Dow Jones Transport. Avg. (ETF)
JNK SPDR Barclays Capital High Yield B (ETF)
JPP SPDR Russell Nomura PRIME Japan (ETF)
JYF WisdomTree Dreyfus Japanese Yen Fd (ETF)
OTR Claymore/Ocean Tomo Growth Index ETF
PBE PowerShares Dynamic Biotech &Genome(ETF)
PBTQ PowerShares Global Biotech Portfol (ETF)
PNQI PowerShares Nasdaq Internet Portfol(ETF)
PNXQ PowerShares NXQ Portfolio (ETF)
PSQ ProShares Short QQQ (ETF)
PXN PowerShares Lux Nanotech (ETF)
PXR PowerShares Emerging Infra PF (FTF)
QID ProShares UltraShort QQQ (ETF)
REW ProShares UltraShort Technology (ETF)
RHO Rydex Inverse 2x S&P SelectSector He ETF
RTW Rydex Inverse 2x S&P Slect Str Tec (ETF)
RZV Rydex S&P SmallCap 600 Pure Value (ETF)
SCO ProShares UltraShort DJ-UBS Crude Oi ETF
SFK ProShares UltraShort Russell1000 (ETF)
TZG iShares S&P Target Date 2020 Indx Fd ETF
UCO ProShares Ultra DJ-UBS Crude Oil(ETF)
UEM Claymore US-1 - The Cptal Mrkt Ind (ETF)
UGA United States Gasoline Fund, LP
UHN United States Heating Oil Fund, LP.
ULE ProShares Ultra Euro (ETF)
USL United States 12 Month Oil Fund, LP
USO United States Oil Fund LP (ETF)
UUP PowerShares DB US Dollar Index Bullish
XRU CurrencyShares Russian Ruble Trust
YCL ProShares Ultra Yen (ETF)
YCS ProShares UltraShort Yen (ETF)
ZSL ProShares UltraShort Silver (ETF)

Note: You may receive technical analysis and alerts of these stocks sent automatically to you by entering the symbols in INO's Technical Trend Analysis Tool.

Not advice, please do your own due dilligence.

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