TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, February 17, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!
^PBW^
^IAI^
^EWG^
^UDN^
^EZU^
^IEF^
^VGK^
^SHY^
^FXE^
^FXI^
Overbought ETF of the Day – iShares Dow Jones U.S. Broker-Dealers Index Fund ETF – IAI
Most Oversold
The following ETFs are the most oversold for Wednesday, February 17, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!
^UUP^
Oversold ETF of the Day – PowerShares DB U.S. Dollar Index Bullish ETF – UUP