TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday December 7, 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.

PowerShares U.S. DB Dollar Index Bullish Fund ETF
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UUP |
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PowerRating)

ProShares UltraShort Oil & Gas ETF
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DUG |
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DB Gold Double Short ETN
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DZZ |
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ProShares UltraShort Basic Materials ETF
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SMN |
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PowerRating)

Overbought ETF of the Day – PowerShares U.S. DB Dollar Index Bullish ETF – UUP

UUP Chart

Most Oversold

The following ETFs are the most oversold for Monday, December 7, 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 Barclays TIPS Bond ETF
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TIP |
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PowerRating)

Vanguard Total Bond Market ETF
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BND |
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PowerRating)

ELEMENTS / Rogers International Commodity Index – Agirculture Total Return ETN
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RJA |
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PowerRating)

PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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PowerRating)

iShares Barclays Aggregate Bond Fund ETF
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AGG |
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PowerRating)

iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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PowerRating)

PowerShares DB Agriculture Fund ETF
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DBA |
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PowerRating)

Oil Service HOLDRS ETF
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OIH |
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PowerRating)

iPath Dow Jones AIG Commodity Index Total Return ETN
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DJP |
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PowerRating)

ELEMENTS / Rogers International Commodity Index – Total Return ETN
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RJI |
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PowerRating)

Energy Select Sector SPDR ETF
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XLE |
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PowerRating)

CurrencyShares Euro Trust ETF
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FXE |
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PowerRating)

ProShares Ultra Oil & Gas ETF
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DIG |
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PowerRating)

Vanguard Energy ETF
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VDE |
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PowerRating)

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 Trust ETF
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GLD |
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PowerRating)

iShares Goldman Sachs Natural Resources Index Fund ETF
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IGE |
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PowerRating)

Market Vectors Gold Miners ETF
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GDX |
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PowerRating)

iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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PowerRating)

PowerShares DB Commodity Index Tracking ETF
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DBC |
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PowerRating)

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
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IEO |
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PowerRating)

United States Oil Fund ETF
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USO |
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PowerRating)

iShares Silver Trust ETF
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SLV |
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PowerRating)

iShares MSCI South Africa Index Fund ETF
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EZA |
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News |
PowerRating)

Oversold ETF of the Day – ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN – RJA

RJA Chart

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