Tuesday
Apr062010
The Twelve Most Overbought ETFs
Tuesday, April 6, 2010 at 06:24PM Usually, only one or maybe two of the 200+ key ETFs we track are trading more than 10% above their 50-day moving averages, but currently there are twelve. The steel stocks ETF (SLX) is trading the farthest above its 50-day of all the ETFs we track (non-leverage) at 16.53%. SLX and the other eleven ETFs trading well into overbought territory are listed below. If you're looking to track the most overbought and oversold ETFs on a regular basis, subscribe to Bespoke Premium today.
in ETFs
ETFs 
Reader Comments (8)
Guys, the GOLDMAN SACHS BANK is in you hands! Stop buying the crap from them and SELL ALL THEIR SHARES! They will never be able to repay all of their 750 BN USD of DEBT. This is more than Greece, Spain and Portugal together...
They got a gift from the FED and now are gone in the wind with all this money!!
I can only surmise that the Fed and Treasury are active in the stock market. Their bluff has been working, but for how long?
You don't have to surmise the FED is manipulating the Dow 30 .
Here is their methodology buy Dow futures preopening followed by a buying surge at the bell . Support comes in on various stocks , today it was IP , Then support buying comes in the last hour or so for selected stocks. Despite the fact that no real improvement has occured in the real economy the dow has rallied from 6470 in march 09 to 10,988 apl 5 . The largest correction in that 4518 point rally was a 890 point . All that is needed is a black swan event and we could see the largest point drop in the history of the Dow 30
Of the group, XME looks to be the best investment longer term...Take a free personal development course online. Link at http://www.free90daycourse.com
We have been led by what is accepted as "mainstream, essential investment regimens and systems".
However, we have been duped by a highly-sophisticated, dishonest industry of greedy, parasitic so-and-sos, who continue to mislead us - not for funding very purposeful laying of railroad tracks, or telephone lines, or similar that made our country grow and prosper - but for their selfish, greedy and often wasteful luxuries and personal desires, while knowingly and wilfully swindling us out of our monies!
Such being recognized by an incremental number of people from all walks of life and from all classes, may very well end in our total downfall - accompanied by blood in the streets, right here, even in once-stable, good old America!
I'm truly impressed by the ability of these commenters to foretell the future (not), by the energy of their namecalling and vilifications, and by the FEAR they are writhing in! So far, the FACTS of the Recovery belie their prognostications and reveal them to be Sad Cases. Glad I don't have to know these basket cases.
The fearmongers wanted me to build a shelter, duck and cover, quake at the prospect of post 9/11 terrorist attacks, and now-- oppose government because inflation and taxes will impoverish us and all our future generations. Never happened and it won't. I've led a happy life ignoring these toxic warnings. If and when something actually HAPPENS, THEN rant on with your selfishness and fear. Do you believe that by injecting your venom into the public discourse that you will make things better? Duh.
Brian Hutch/Casinomarket,
I have to ask: Do you seriously think that an agency of the US Government is, can or would manipulate the market? And for what purpose? Do you believe for a second that a covert action could really be coverd up? I suggest that this could not be done, certainly not covered up. Not in a hundred years! If I thought - or rather - were it proven that these numbskulls were manipulating the market I would never touch an equity again and would liquidate and start bartering foodstuffs.
If you have anything other than an overanxious imagination and overactive suspicions here, bring it on, but bring documented names, places, what was done and when. Until then, zip it and spend your time proving your point instead of poisoning the well. When wells were poinsoned in Texas, poisoners were hangd or shot, sometimes both, whichever made the point best.
I'll be looking for whatever facts you can uncover on the subject of US Government agencies (or contractors) cookoing the marketrs. Don't poison the well.
best,
Ima_Nemisis
Houston, TX
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