Saturday, April 3, 2010

The Top 20 ETFs for April, To Buy and to Sell

We computed the relative strength index of all 800+ ETFs that trade in the U.S. This give s avery good measure of which ones are oversold and overbought. Here are the top 20 in each category, sorted by our preferred index, RSIA.

These are the most oversold:

  • SCC: Ultrashort consumer services
  • ITM: investment-grade municipal bonds with a nominal maturity of 6 to 17 years
  • SMB: investment-grade short municipal bonds with a nominal maturity of 1 to 6 years
  • SKF: Ultra short financials


In the case of a correction, these are the ones that should be dumped heavily. The worst ones are:

  • PEJ: Leisure and Entertainment Portfolio
  • EWM: Malaysia
  • KIE: companies in the United States insurance industry

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