TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • April 12, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday April 13, 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!

^EWP^
^TLT^
^FXE^

^SHV^
^IEF^
^SHY^

Overbought ETF of the Day – iShares MSCI Spain Index Fund ETF – EWP

EWP Chart

Most Oversold

The following ETFs are the most oversold for Tuesday, April 13, 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^
^OIL^
^USO^
^IBB^
^RJI^

^GSG^
^EWY^
^EZA^

Oversold ETF of the Day – PowerSharesDB U.S. Dollar Index Bullish ETF – UUP

UUP Chart

With 82% winning ETF trades in the model portfolio from October 2008 through March 2010 you too can realize this level of success with Larry Connors’ Daily Battle Plan.