TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, April 14, 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!
^TLT^
^EWP^
^IEF^
^FXE^
^DBA^
^PBW^
^UNG^
^EEV^
^SMN^
Overbought ETF of the Day – iShares Barclays 20+ Year Treasury Bond Fund – TLT
Most Oversold
The following ETFs are the most oversold for Wednesday, April 14, 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!
^OIL^
^UUP^
^USO^
^OIH^
^EZA^
^EWY^
^XLB^
^EWT^
^EWM^
^XME^
^EPI^
^MOO^
^UYM^
^IYM^
^GDX^
^PPH^
^EWJ^
^EEM^
Oversold ETF of the Day – iPath S&P Goldman Sachs Crude Oil Trust Index ETN – OIL
Backtested on over 17,000 trades test this new trading indicator for Leveraged ETFs and find high probability setups daily – click here now.