TradingMarkets Most Overbought and Oversold ETFs for Monday
Most Overbought
The following ETFs are the most overbought for Monday, October 26, 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 Basic Materials ETF
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SMN |
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ProShares Short Russell 2000 Index ETF
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RWM |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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PowerShares DB U.S. Dollar Index Bullish Fund
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UUP |
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ProShares Short S&P 500 ETF
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SH |
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Overbought ETF Chart of the Day – ProShares UltraShort Oil & Gas ETF – DUG
Most Oversold
The following ETFs are the most oversold for Monday, October 26, 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.
iShares Dow Jones U.S. Transportation Average ETF
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IYT |
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PowerRating)
Market Vectors Gold Miners ETF
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GDX |
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SPDR S&P Metals & Mining ETF
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XME |
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iPath MSCI India Index ETN
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INP |
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SPDR S&P Oil & Gas Exploration & Production ETF
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XOP |
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iShares S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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iShares Nasdaq Biotechnology Index Fund ETF
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IBB |
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WisdomTree India Earnings Fund ETF
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EPI |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares MSCI Mexico Index Fund ETF
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EWW |
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iShares Goldman Sachs Natural Resources Index Fund ETF
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IGE |
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iShares MSCI Taiwain Index Fund ETF
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EWT |
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Vanguard Total Bond Market Index Fund
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BND |
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iShares Barclays TIPS Index Fund
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TIP |
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Consumer Staples Select Sector SPDRS ETF
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XLP |
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Utilities Select Sector SPDRS ETF
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XLU |
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iShares MSCI South Korea Index Fund ETF
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EWY |
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Energy Select Sector SPDRS ETF
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XLE |
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Market Vectors Steel ETF
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SLX |
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Pharmaceutical HOLDRS ETF
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PPH |
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iShares Barclays Aggregate Bond ETF
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AGG |
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ProShares Ultra Semiconductor ETF
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USD |
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iShares S&P GSTI Semiconductor Index Fund ETF
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IGW |
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PowerRating)
iShares Dow Jones U.S. Oil Equipment & Services Index Fund ETF
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IEZ |
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PowerRating)
Oversold ETF of the Day – iShares Dow Jones U.S. Transportation Average ETF – IYT
