TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, October 2, 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.
ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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PowerRating)
iShares Barclays 7-10 Treasury Bond Fund
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IEF |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort Basic Materials ETF
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SMN |
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ProShares UltraShort QQQ Trust ETF
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QID |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort Financial ETF
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SKF |
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ProShares UltraShort Real Estate ETF
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SRS |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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PowerShares DB U.S. Dollar Index Bullish Fund
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UUP |
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Overbought ETF Chart of the Day – ProShares UltraShort Oil & Gas ETF – DUG
Most Oversold
The following ETFs are the most oversold for Friday, October 2, 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.
iShares FTSE/Xinhua China 25 ETF
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FXI |
Quote |
Chart |
News |
PowerRating)
iShares MSCI South Africa Index Fund ETF
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EZA |
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News |
PowerRating)
iShares MSCI Sweden Index Fund ETF
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EWD |
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News |
PowerRating)
iShares iBoxx High Yield Corporate ETF
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HYG |
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News |
PowerRating)
iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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PowerRating)
iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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SPDR S&P Metals and Mining ETF
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XME |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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SPDR Barclays High Yield Bond ETF
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JNK |
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Market Vectors Steel ETF
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SLX |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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Market Vector Coal ETF
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KOL |
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PowerShares Water Resource Portfolio ETF
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PHO |
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Regional Bank HOLDRS ETF
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RKH |
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PowerShares Financial Preferred Portfolio
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PGF |
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iShares Nasdaq Biotechnology Index Fund ETF
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IBB |
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Vanguard Europe Pacific ETF
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VEA |
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PowerRating)
Energy Select Sector SPDRS ETF
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XLE |
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Basic Materials Select Sector SPDRS ETF
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XLB |
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ProShares Ultra Dow 30 ETF
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DDM |
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Dow DIAMONDS Trust ETF
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DIA |
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ProShares Ultra Oil & Gas ETF
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DIG |
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News |
PowerRating)
iShares Dow Jones U.S. Basic Materials Index Fund ETF
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IYM |
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PowerRating)
iShares Dow Jones U.S. Energy Sector index Fund ETF
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IYE |
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ProShares Ultra Basic Materials ETF
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UYM |
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PowerRating)
Oversold ETF of the Day – iShares MSCI South Africa Index Fund ETF – EZA
