TradingMarkets Most Overbought and Oversold ETFs for Monday

Special to Most Overbought and Oversold ETFs

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Most Overbought

The following ETFs are the most overbought for Monday, February 1, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!

^SMN^
^DUG^
^MZZ^
^EEV^
^DZZ^

^QID^
^PSQ^
^SH^
^TLT^
^SDS^

^DOG^
^DXD^
^SHY^
^RWM^
^TWM^

^IEF^
^SRS^
^FXP^

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

DUG

Most Oversold

The following ETFs are the most oversold for Monday, February 1, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!

^EWZ^
^DBB^
^SLX^
^EWC^
^XME^

^DJP^
^EEB^
^MOO^
^SLV^
^PHO^

^IYM^
^XLE^
^XOP^
^IGE^
^UYM^

^PFF^
^DIG^
^XLB^
^IYE^
^KOL^

^OIH^
^IJH^
^EWY^
^EWJ^
^MDY^

Oversold ETF of the Day – iShares MSCI Brazil Index Fund – EWZ

EWZ

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