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
(
DUG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort MidCap 400 ETF
(
MZZ |
Quote |
Chart |
News |
PowerRating)

ProShares Ultrashort QQQ Trust ETF
(
QID |
Quote |
Chart |
News |
PowerRating)

ProShares Short QQQ Trust ETF
(
PSQ |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort FTSE/Xinhua China 25 ETF
(
FXP |
Quote |
Chart |
News |
PowerRating)

ProShares Short S&P 500 ETF
(
SH |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Emerging Markets ETF
(
EEV |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort S&P 500 ETF
(
SDS |
Quote |
Chart |
News |
PowerRating)

ProShares Short Russell 2000 ETF
(
RWM |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Russell 2000 ETF
(
TWM |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Financials ETF
(
SKF |
Quote |
Chart |
News |
PowerRating)

PowerShares DB U.S. Dollar Bullish Index ETF
(
UUP |
Quote |
Chart |
News |
PowerRating)

ProShares Short Dow 30 ETF
(
DOG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Basic Materials ETF
(
SMN |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Dow 30 ETF
(
DXD |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Real Estate ETF
(
SRS |
Quote |
Chart |
News |
PowerRating)

Overbought ETF of the Day – ProShares UltraShort Oil & Gas ETF – DUG

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
(
OIH |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
(
IEO |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Home Construction Index Fund ETF
(
ITB |
Quote |
Chart |
News |
PowerRating)

S&P Oil & Gas Exploration & Production SPDRS ETF
(
XOP |
Quote |
Chart |
News |
PowerRating)

Rydex CurrencyShares Australian Dollar Trust ETF
(
FXA |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF
(
IEZ |
Quote |
Chart |
News |
PowerRating)

SPDR S&P Homebuilders ETF
(
XHB |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Broker-Dealers Index Fund ETF
(
IAI |
Quote |
Chart |
News |
PowerRating)

Vanguard European ETF
(
VGK |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Sweden Index Fund ETF
(
EWD |
Quote |
Chart |
News |
PowerRating)

Vanguard Energy ETF
(
VDE |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Australia Index Fund ETF
(
EWA |
Quote |
Chart |
News |
PowerRating)

iShares S&P Europe 350 Index Fund ETF
(
IEV |
Quote |
Chart |
News |
PowerRating)

Semiconductor HOLDRS ETF
(
SMH |
Quote |
Chart |
News |
PowerRating)

iShares MSCI EAFE Small Cap Index Fund ETF
(
SCZ |
Quote |
Chart |
News |
PowerRating)

SPDRS S&P Midcap Trust Series ETF
(
MDY |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Oil & Gas ETF
(
DIG |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Energy Sector Index Fund ETF
(
IYE |
Quote |
Chart |
News |
PowerRating)

iShares Goldman Sachs Natural Resource Index Fund ETF
(
IGE |
Quote |
Chart |
News |
PowerRating)

Energy Select Sector SPDRS ETF
(
XLE |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Semiconductor ETF
(
USD |
Quote |
Chart |
News |
PowerRating)

iShares S&P MidCap 400 Index Fund ETF
(
IJH |
Quote |
Chart |
News |
PowerRating)

Vanguard Europe Pacific ETF
(
VEA |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Pacific ex-Japan Index Fund ETF
(
EPP |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra MidCap 400 ETF
(
MVV |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – Oil Service HOLDRS ETF – OIH

OIH

It’s So Simple to Improve your ETF Trading!  Find entry and exit signals for some of the best ETF trades in Larry Connors’ ETF Daily Battle Plan. Get Your 7 Day Free Trial now.