Monday, March 1, 2010

The Top 50 ETFs For March, To Buy and To Sell

We computed the RSI values of all ETFs that trade in the U.S. Below are charts showing them ordered by RSI7 monthly, which is a long term indicator.

Top 25 Most Oversold:

Top 25 Most Overbought:

Note that ECH, the Chile ETF is the most overbought of all as the country was doing very well. This is using prices as of last Friday. ECH today s taking a tumble following the massive earthquake in the country.

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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Crash said...

How does one use this listing? Obviously it needs a next level of investigation - that I don't understand - followed by due diligence before investing.

But what would a (the) trades from this look like?

Thanks in advance.

The Shocked Investor said...

Hello crash,

The most basic use of these lists is to know which are the top stocks to buy or to sell, if you are buying or selling because you fell the market is going up or down. The correlation is very high. Those that have gone up the most, will fall if the market goes down hard for example. You are correct that DD is still required.

The highest RSI I have seen is a daily 95/96, meaning, overbought stocks can become even more overbought, but on average, the most overbought will come down. I am working on a tool that shows how RSIs work, and basically does backtesding. Results are pretty good.

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