The following ETFs are the most overbought for Friday, January 15, 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.
Overbought ETF of the Day – ProShares UltraShort MSCI Emerging Markets ETF – EEV
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93.93 % Accurate – Time Price and Scale-In
90.0 % Accurate – R3 Strategy
89.1 % Accurate – 3-Day High/Low
89.0 % Accurate – RSI 25 Strategy
84.3 % Accurate – RSI 10-6
84.3 % Accurate – %b Strategy
83.3 % Accurate – Multiple Days Down
The simulated results for the 7 ETF trading strategies above show success rates between 84% to over 93% accuracy from 1993 through 2009 using the long aggressive version of the strategies on the SPY. All 7 strategies can be traded short or long, giving you the tools to make great trades in any market condition.
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The following ETFs are the most oversold for Friday, January 15, 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.
Oversold ETF of the Day -iShares MSCI Brazil Index Fund ETF – EWZ