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.