TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, February 5, 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!

^SKF^
^DZZ^
^RWM^
^EEV^
^TWM^

^SMN^
^FXP^
^SRS^
^SH^
^SDS^

^DOG^
^MZZ^
^DXD^
^DUG^
^PSQ^

^QID^
^SHY^
^IEF^

Overbought ETF of the Day – ProShares UltraShort Financials ETF – SKF

Most Oversold

The following ETFs are the most oversold for Friday, February 5, 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!

^KRE^
^JNK^
^RKH^
^EWM^
^EWS^

^IYG^
^EWA^
^DBB^
^KOL^
^XLU^

^IYF^
^UYG^
^EWY^
^VWO^
^XLF^

^IJR^
^EPP^
^EPI^
^GLD^
^UWM^

^EEM^
^IWN^
^IAU^
^DGP^
^IYT^

Oversold ETF of the Day – Lehman High Yield Bond SPDRS ETF – JNK

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