TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, December 11, 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.

DB Gold Double Short ETN
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DZZ |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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United State Natural Gas Fund ETF
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UNG |
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ProShares Short Russell 2000 ETF
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RWM |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort Real Estate ETF
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SRS |
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iShares Barclays Short Treasury Bond Fund ETF
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SHV |
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Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

FXP

Most Oversold

The following ETFs are the most oversold for Friday, December 11, 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.

PowerShares DB Oil Fund ETF
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DBO |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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United States Oil Fund ETF
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USO |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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PowerShares DB Commodity Index Tracking ETF
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DBC |
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iShares Silver Trust ETF
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SLV |
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iShares Barclays TIPS Bond Fund ETF
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TIP |
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iShares COMEX Gold Trust ETF
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IAU |
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SPDR Gold Trust ETF
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GLD |
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DB Gold Double Long ETN
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DGP |
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iShares MSCI EAFE Small Cap Index Fund ETF
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SCZ |
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Regional Bank HOLDRS ETF
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RKH |
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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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iShares MSCI EMU Index Fund ETF
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EZU |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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KBW Bank SPDRS ETF
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KBE |
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S&P Homebuilders SPDRS ETF
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XHB |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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iShares MSCI United Kingdom Index Fund ETF
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EWU |
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iShares S&P SmallCap 600 Index Fund ETF
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IJR |
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ProShares Ultra Russell 2000 ETF
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UWM |
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KBW Regional Banking SPDRS ETF
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KRE |
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iShares Russell 2000 Index Fund ETF
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IWN |
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iShares Russell 2000 Growth Index Fund ETF
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IWO |
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Vanguard Europe Pacific ETF
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VEA |
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Oversold ETF of the Day – PowerShares DB Oil Fund ETF – DBO

DBO

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