TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • April 14, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, April 15, 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!

^EWP^
^FXE^
^PBW^
^DBA^
^UNG^

Overbought ETF of the Day – iShares MSCI Spain Index Fund ETF – EWP

EWP Chart

Most Oversold

The following ETFs are the most oversold for Thursday, April 15, 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!

^UUP^
^PPH^
^MOO^
^XLV^

Oversold ETF of the Day – PowerShares DB U.S. Dollar Index Bullish ETF – UUP

UUP Chart

With 82% winning ETF trades in the model portfolio from October 2008 through March 2010 you too can realize this level of success with Larry Connors’ Daily Battle Plan.