TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Monday November 23, 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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ProShares UltraShort MidCap 400 ETF
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MZZ |
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ProShares Ultrashort QQQ Trust ETF
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QID |
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ProShares Short QQQ Trust ETF
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PSQ |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort Emerging Markets ETF
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EEV |
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ProShares UltraShort S&P 500 ETF
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SDS |
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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 Financials ETF
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SKF |
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PowerShares DB U.S. Dollar Bullish Index ETF
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UUP |
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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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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort Real Estate ETF
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SRS |
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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 Monday, November 23, 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.
Oil Service HOLDRS ETF
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OIH |
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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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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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S&P Oil & Gas Exploration & Production SPDRS ETF
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XOP |
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Rydex CurrencyShares Australian Dollar Trust ETF
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FXA |
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iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF
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IEZ |
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SPDR S&P Homebuilders ETF
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XHB |
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iShares Dow Jones U.S. Broker-Dealers Index Fund ETF
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IAI |
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Vanguard European ETF
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VGK |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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Vanguard Energy ETF
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VDE |
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iShares MSCI Australia Index Fund ETF
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EWA |
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iShares S&P Europe 350 Index Fund ETF
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IEV |
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Semiconductor HOLDRS ETF
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SMH |
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iShares MSCI EAFE Small Cap Index Fund ETF
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SCZ |
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SPDRS S&P Midcap Trust Series ETF
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MDY |
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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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iShares Goldman Sachs Natural Resource Index Fund ETF
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IGE |
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Energy Select Sector SPDRS ETF
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XLE |
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ProShares Ultra Semiconductor ETF
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USD |
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iShares S&P MidCap 400 Index Fund ETF
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IJH |
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Vanguard Europe Pacific ETF
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VEA |
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iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Oversold ETF of the Day – Oil Service HOLDRS ETF – OIH
