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

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

DBB

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