TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, December 21, 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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PowerShares DB U.S. Dollar Index Bullish Fund ETF
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UUP |
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United States Natural Gas Fund ETF
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UNG |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares UltraShort Basic Materials ETF
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SMN |
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Overbought ETF of the Day – PowerShares DB U.S. Dollar Index Bullish Fund – UUP

UUP

Most Oversold

The following ETFs are the most oversold for Monday, December 21, 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 Hong Kong Index Fund ETF
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EWH |
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PowerRating)

iShares FTSE./Xinhua China 25 ETF
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FXI |
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CurrencyShares Euro Trust ETF
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FXE |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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Consumer Staples Select Sector SPDRS ETF
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XLP |
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WisdomTree India Earnings Fund ETF
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EPI |
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iShares S&P Latin America 40 ETF
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ILF |
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iPath MSCI India Index ETN
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INP |
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Claymore BNY BRIC ETF
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EEB |
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Dow DIAMONDS ETF
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DIA |
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Retail HOLDRS ETF
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RTH |
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Industrial Select Sector SPDRS ETF
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XLI |
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iShares MSCI Mexico Index Fund ETF
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EWW |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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Utilities Select Sector SPDRS ETF
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XLU |
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HealthCare Select Sector SPDRS ETF
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XLV |
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iShares MSCI South Korea Index Fund ETF
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EWY |
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iShares MSCI Brazil Index Fund ETF
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EWZ |
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Vanguard FTSE/All World Ex-US ETF
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VEU |
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Basic Materials Select Sector SDPRS ETF
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XLB |
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Consumer Discretionary Select Sector SPDRS ETF
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XLY |
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S&P 500 SPDRS ETF
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SPY |
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ELEMENTS/ Rogers International Commodity Index – Agriculture Total Return ETN
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RJA |
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iShares MSCI Taiwan Index Fund ETF
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EWT |
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iShares MSCI Malaysia Index Fund ETF
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EWM |
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Oversold ETF of the Day – iShares MSCI Hong Kong Index Fund ETF – EWH

EWH

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