Friday, November 6, 2009

Top ETFs To Sell Out of All 770 ETFs For The Short, Medium and Long Term

With the recent amazing rally many ETFs are vastly overvalued. We computed the RSI numbers for all 770+ ETFs in the U.S. to determine the most overvalued ETFs in several timeframes.

Most Overvalued ETFs (short term, sorted by daily RSI):

Most Overvalued ETFs (medium term, sorted by weekly RSI):

Most Overvalued ETFs (long term, sorted by monthly RSI):

Most Overvalued ETFs (overall, sorted by average RSI):

We can see that most ETFs are mostly overvalued on the longer timeframes monthly the most, then weekly). The average RSIs of the top overbought ETFs per periods above are:

daily: 72.24

weekly: 79.13

monthly: 80.98

average: 74.25

On the longer timeframes these ETFs are immensely overbought. Buyers should really beware.

Note: You can receive real-time but-sell alerts of these stocks sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

Please do your own due dilligence.

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