Proshares Ultra Basic Materials ETF (UYM)

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TradingMarkets Most Overbought and Oversold ETFs for Monday

* TradingMarkets Research
* On Friday April 24, 2009, 4:25 pm EDT

Most Overbought

The following ETFs are the most overbought for Monday, April 27, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.

Consumer Discretionary Select Sector SPDRS ETF (NYSE:XLY - News)

Energy Select Sector SPDRS ETF (NYSE:XLE - News)

Financial Select Sector SPDRS ETF (NYSE:XLF - News)

Industrial Select Sector SPDRS ETF (NYSE:XLI - News)

Materials Select Sector SPDRS ETF

Technology Select Sector SPDRS ETF (NYSE:XLK - News)

Dow Diamonds ETF (NYSE:DIA - News)

S&P 500 SPDRS ETF (AMEX:SPY - News)

PowerShares QQQ Trust ETF (NasdaqGM:QQQQ - News)

iShares Russell 2000 Index ETF (NYSE:IWM - News)

iShares MSCI Brazil Index ETF (NYSE:EWZ - News)

iShares MSCI Taiwan Index ETF (NYSE:EWT - News)

iShares MSCI Hong Kong Index ETF (NYSE:EWH - News)

iShares MSCI Japan Index ETF (NYSE:EWJ - News)

iShares Dow Jones Transportation Average ETF (NYSE:IYT - News)

iShares MSCI Emerging Markets Index ETF (NYSE:EEM - News)

iShares MSCI EAFE Index ETF (NYSE:EFA - News)

iShares S&P Latin America 40 Index ETF (NYSE:ILF - News)
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