Sunday, May 23, 2010

The Top 30 ETFs To Buy and To Sell

Stocks have taken a tumble since we last published the list of most overvalued and most oversold ETFs. This list has changed considerably now as the ETFs that were overbought had steep drops.

We computed the relative strength values of al ETFs that trade in the US. We then sorted them by RSIA, the average for short, medium and long terms.

Top 30 most oversold ETFs:

(please elick to enlarge)

Most oversold are two very well known ETFs: TBT and PST, which are ultra short bond ETFs (please click on links to receive buy/sell alerts). This is a first that I have seen on this list. This means that bonds are in deeply overbought territory (hence the shorts are oversold).

Next are FXF (Swiss Franc) , ICLN (clean energy, interestingly, with the BP oil spill and all), and BBH (Biotech).

Note also that USO is the worst for the short term, with a daily RSI of 13.

Top 30 most overbought ETFs:

The worst offenders, as in very overvalued (or that have done very well) are DUG (short oil producers) and EEZ (Wizdomtree Top100) , BIV (intermediate term bonds) and BND (bonds) close behind.

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).

Stumble Upon Toolbar

1 comment:

EdwardG_Burrell1016 said...
This comment has been removed by a blog administrator.

Financial TV

Blog Archive

// adding Google analytics