TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Monday, September 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.
PowerShares DB U.S. Dollar Index Bullish Fund
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UUP |
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PowerRating)
Overbought ETF Chart of the Day – PowerShares DB U.S. Dollar Index Bullish Fund – UUP
Most Oversold
The following ETFs are the most oversold for Monday, September 21, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probaility ETF Trading.
Market Vectors Gold Miners ETF
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GDX |
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PowerRating)
Health Care Select Sector SPDRS ETF
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XLV |
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iShares Barclays TIPS Bond Fund
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TIP |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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Oversold ETF of the Day – Semiconductor HOLDRS ETF – Market Vectors Gold Miners ETF – GDX
Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate – Click here to learn more..