Monday, February 1, 2010

Top 20 ETFs to Buy and To Sell For February - Out of 800 ETFs

We computed the relative strength values of all ETFs that trade in the US (over 800 of them). These values give a very good indication of what is overbought and what is oversold for a desired timeframe.

Here the top 40, 20 oversold and 20 overbought, sorted by monthly rsi.

Top 20 Most Oversold (long term):

The most over sold ETFs are ITM (Market Vectors Intermediate Municipal Index) and SMB, (Market Vectors Short Municipal Index)

Top 20 Most Overbought (long term)

On the overbought side, a very interesting top ECH, which is the Chile ETF. As reported here earlier, Chilean stocks are indeed on fire, in particular, SQM the great chemicals and fertilizers company.

Next is ULQ, Claymore U.S. Capital Markets Micro-Term Fixed Income.

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).

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