TradingMarkets Most Overbought and Oversold ETFs for Friday

  • November 5, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, November 6, 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 DB U.S. Dollar Index Bullish Fund ETF
(
UUP |
Quote |
Chart |
News |
PowerRating)

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

UUP

Most Oversold

The following ETFs are the most oversold for Friday, November 6, 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.

SPDR Barclays 1-3 Month T-Bill ETF
(
BIL |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Agriculture Fund ETF
(
DBA |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – SPDR – PowerShares DB Agriculture Fund ETF – DBA

DBA

NEW, Discover ETF PowerRatings! Find the best ETFs to trade daily in just one number, using the simple ranking scale of 1-10.  Get Your 7 Day Free Trial now.