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Most U.S. Sector ETFs Currently Overbought

by: TickerSense February 05, 2007 | about stocks: DIA / DVY / ICF / IJH / IJJ / IJK / IJR / IJS / IVE / IVV / IWB / IWM / IWV / IYR / IYT / IYZ / PPH / RKH / RTH / SPY / VTI / XLB / XLI / XLV / XLY

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As shown, most areas of the US markets are currently overbought, with REIT ETFs being the most extended. The DJIA tracking Diamonds (DIA) and the S&P 500 tracking SPDRs (SPY) are also above their normal trading ranges. On a side note, The Kirk Report wrote an interesting piece on leveraged ETFs offered by ProShares that is worth a read. ProShares now offers leveraged sector ETFs as well. Unfortunately, these ETFs have not been around long enough to run our overbought/oversold on them, but once they have, we'll be sure to include them.

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