Monday, May 3, 2010

Top 25 ETFs For May, to Buy and to Sell

We computed the relative strength indicator of all ETFs that trade in the U.S. We then sorted them by the average of short term (daily), medium term (weekly), and long term (monthly).

Top 25 Most Oversold:

It is not really surprising that the most oversold ETFs is UNG. We have posted here repeatedly about the low quality of this ETF.

PWND, however, is in interesting one, for those interested in alternative energy (wind)

Top 25 Most Overbought:

Not surprisingly as well, the double short Euro (URE) leads the most overbought category, followed by DUG (ultra short oil & gas).

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).

Please do your own due diligence. This is not advice.

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