TradingMarkets Most Overbought and Oversold ETFs for Friday

  • January 7, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, January 8, 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.

^UUP^

UUP

Most Oversold

The following ETFs are the most oversold for Friday, January 8, 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.

^XLK^
^SMH^
^UDN^
^IYW^
^FXE^

Oversold ETF of the Day – Technology Select Sector SPDRS ETF – XLK

XLK

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