TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, November 13, 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 Oil & Gas ETF
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DUG |
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PowerRating)
PowerShares DB US Dollar Index Bullish Fund ETF
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UUP |
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ProShares Ultrashort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares Short Russell 2000 ETF
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RWM |
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Overbought ETF of the Day – ProShares UltraShort Oil & Gas ETF – DUG
Most Oversold
The following ETFs are the most oversold for Friday, November 13, 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 MSCI Japan Index Fund ETF
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EWJ |
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PowerRating)
iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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PowerRating)
SPDDR S&P Oil & Gas Exploration & Production ETF
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XOP |
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iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
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IEO |
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PowerRating)
Energy Select Sector SPDRS ETF [ XLE|XLE]
United States Oil Fund ETF
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USO |
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ProShares Ultra Oil & Gas ETF
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DIG |
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iShares Dow Jones U.S. Energy Sector Index Fund ETF
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IYE |
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Vanguard Energy ETF
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VDE |
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Rydex CurrencyShares Euro Trust ETF
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FXE |
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iShares MSCI Brazil Index Fund ETF
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EWZ |
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PowerRating)
iShares S&P Global Energy Sector Index Fund ETF
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IXC |
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PowerShares DB Oil Fund ETF
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DBO |
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iShares Goldman Sachs Natural Resources index Fund ETF
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IGE |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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iShares S&P Latin America 40 Index Fund ETF
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ILF |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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PowerShares Water Resource Portfolio ETF
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PHO |
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iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF
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IEZ |
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Claymore BNY BRIC ETF
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EEB |
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ELEMENTS/Rogers International Commodity Index – Total Return ETN
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RJI |
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iShares MSCI EAFE Small Cap Index Fund ETF
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SCZ |
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SPDR S&P Retail ETF
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XRT |
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Oil Service HOLDRS ETF
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OIH |
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PowerShares DB Base Metals Fund ETF
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DBB |
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News |
PowerRating)
Oversold ETF of the Day – iPath S&P Goldman Sachs Crude Oil Trust Index ETN – OIL
