TradingMarkets Most Overbought and Oversold ETFs for Wednesday

  • July 28, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Wednesday, July 29, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

SPDR KBW Regional Banking ETF
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KRE |
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PowerRating)

DB Gold Double Short ETN
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DZZ |
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PowerRating)

PowerShares DB U.S. Dollar Index Bullish ETF
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UUP |
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PowerShares DB Agriculture ETF
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DBA |
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ProShares Ultra Financial ETF
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UYG |
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SPDR Lehman 1-3 Month T-Bill ETF
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BIL |
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Overbought ETF Chart of the Day – DB Gold Double Short ETN – DZZ

DZZ

Most Oversold

The following ETFs are the most oversold for Wednesday, July 29, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

Market Vectors Gold Miners ETF
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GDX |
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News |
PowerRating)

iShares MSCI South Africa Index ETF
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EZA |
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PowerRating)

iShares Barclays TIPS Bond ETF
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TIP |
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DB Gold Double Long ETN
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DGP |
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PowerRating)

iShares COMEX Gold Trust ETF
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IAU |
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PowerRating)

SPDR Gold Shares ETF
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GLD |
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PowerRating)

iShares Dow Jones U.S. Oil Equipment & Services Index ETF
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IEZ |
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PowerRating)

Oil Service HOLDRS ETF
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OIH |
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PowerRating)

Oversold ETF of the Day – Market Vectors Gold Miners ETF – GDX

GDX

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.