Monday, February 15, 2010

The Top Leveraged ETFs In The Market To Buy and To Sell (And Also Affected by Greece and the Euro Zone Woes)

The Germans want to throw Greece out of the Euro zone. The situation in Greece is affecting leveraged ETFs.

We track 71 leveraged ETFs that trade in the US. Here are the relative strength indicators of all f them for three time periods, daily (short term), weekly (medium term), and monthly (long term).

Short term, top oversold:

URR and ULE are the top two most oversold in this time frame. Not surprisingly, both are ultra long Euros.

Short term, top overbought:

The two top overbought are, again, not surprisingly, ultra short Euros, EUO, and DRR.

Long term, top oversold:

In the longer timeframes, the two top oversold ETFs are the infamous FAZ (short financials) and GLL (short gold).

Top overbought:

The top overbought in this timeframe are UGL (long gold) and UGE (long consumer goods).

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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