TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, January 29, 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!
^SMN^
^UUP^
^DUG^
^EEV^
^DZZ^
^QID^
^PSQ^
^DOG^
^DXD^
^RWM^
^SH^
^TWM^
^SDS^
Overbought ETF of the Day – ProShares UltraShort Basic Materials ETF – SMN
Most Oversold
The following ETFs are the most oversold for Friday, January 29, 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!
^DBB^
^EWZ^
^INP^
^SLX^
^SLV^
^DJP^
^MOO^
^PHO^
^EPI^
^EEB^
^DBC^
^EWC^
^XME^
^XLB^
^IYM^
^EWM^
^OIH^
^UYM^
^EWG^
^DIG^
^XLE^
^XOP^
^PFF^
^VEU^
^IYE^
Oversold ETF of the Day -PowerShares DB Base Metals Fund ETF – DBB