TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Monday, November 2, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.
ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares Ultrashort Russell 2000 Index ETF
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TWM |
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ProShares Short QQQ ETF
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PSQ |
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SPDR Dow Jones Wilshire REIT ETF
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RWM |
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ProShares UltraShort MidCap 400 ETF
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MZZ |
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iShares Barclays 7-10 Year Treasury Bond Fund ETF
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IEF |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares Short Dow 30 Trust ETF
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DOG |
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ProShares UltraShort Dow 30 Trust ETF
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DXD |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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ProShares UltraShort Financials ETF
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SKF |
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Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP
Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP
Most Oversold
The following ETFs are the most oversold for Monday, November 2, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.
iShares MSCI Taiwan Index Fund ETF
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EWT |
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PowerRating)
iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF
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IYZ |
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iShares MSCI Australia Index Fund ETF
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EWA |
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Pharmaceutical HOLDRS ETF
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PPH |
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WisdomTree India Earnings Fund ETF
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EPI |
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iPath MSCI India Index ETN
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INP |
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SPDR KBW Regional Banking ETF
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KRE |
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iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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Utilities Select Sector SPDRS ETF
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XLU |
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SPDR Barclays High Yield Bond ETF
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JNK |
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ProShares Ultra Russell 2000 Index Fund ETF
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UWM |
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iShares S&P SmallCap 600 Index Fund ETF
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IJR |
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ProShares Ultra QQQ ETF
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QLD |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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iShares Russell 2000 Index Fund ETF
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IWM |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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iShares Dow Jones U.S. Broker-Dealers Index Fund ETF
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IAI |
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iShares Russell 2000 Growth Index Fund ETF
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IWO |
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iShares S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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ProShares Ultra Oil & Gas ETF
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DIG |
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PowerShares QQQ Trust ETF
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QQQQ |
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iShares Russell 2000 Value Index Fund ETF
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IWN |
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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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ProShares Ultra Semiconductor ETF
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USD |
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iShares MSCI France Index Fund ETF
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EWQ |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Oil Service HOLDRS ETF
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OIH |
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iShares Dow Jones U.S. Energy Sector Index Fund ETF
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IYE |
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iShares S&P Global Energy Sector Index Fund ETF
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IXC |
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iShares S&P GSTI Semiconductor Index Fund ETF
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IGW |
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Oversold ETF of the Day – iShares MSCI Taiwan Index Fund ETF – EWT