Tuesday, January 26, 2010

800 ETFs In The U.S.: The Top 25 To Buy and To Sell

There are over 800 ETFs in the U.S. We computed the relative strength values of all of them and then sorted by the monthly value. This provides a very good indication of what is oversold and overbought.

The average of all three time periods is also shows (RSIA).

Top 25 Most Oversold:

The top oversold are ZSL (ultra short silver, meaning silver itself as commodity is overbought) and DPK, a "Developed Markets Bear 3x Shares". A 3X ETF is something to stay away from, specially for any long term period (as it longer than a couple of hours!).

Top 25 Most Overbought:

The top two overbought are PVI and BIL.

PVI is the Tax-Free Weekly Portfolio (the Fund) is based on the Thomson Municipal Market Data VRDO Index (the Index). The Index is designed to track the performance of a pool of short-term, tax-exempt, variable-rate demand obligations (VRDOs) issued by municipalities in the United States.

BIL is Capital 1-3 Month T-Bill ETF (please see our post earlier today on the Treasuries auction).

Note: 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).

These are the ETF names:

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