TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, December 14, 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.

DB Gold Double Short ETN
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DZZ |
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PowerShares DB U.S. Dollar Index Bullish Fund ETF
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UUP |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

FXP

Most Oversold

The following ETFs are the most oversold for Monday, December 14, 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.

iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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United States Oil Fund ETF
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USO |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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iShares Silver Trust ETF
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SLV |
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iShares COMEX Gold Trust ETF
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IAU |
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SPDR Gold Trust ETF
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GLD |
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DB Gold Double Long ETN
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DGP |
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CurrencyShares Euro Trust ETF
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FXE |
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iShares Barclays Aggregate Bond ETF
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AGG |
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PowerShares DB Oil Fund ETF
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DBO |
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iShares MSCI EMU Index Fund ETF
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EZU |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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iShares iBoxx Investment Grade Corporate Bond Fund ETF
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LQD |
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iShares Barclays TIP Bond Fund ETF
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TIP |
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Vanguard Total Bond Fund ETF
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BND |
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Semiconductor HOLDRS ETF
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SMH |
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Market Vectors Gold Miners ETF
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GDX |
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ProShares Ultra Semiconductor ETF
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USD |
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Regional Bank HOLDERS ETF
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RKH |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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Oversold ETF of the Day – iShares Silver Trust ETF – SLV

SLV

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