TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, December 17, 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 FTSE/Xinhua China 25 ETF
(
FXP |
Quote |
Chart |
News |
PowerRating)

iShares Barclays Short Treasury Bond Fund ETF
(
SHV |
Quote |
Chart |
News |
PowerRating)

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

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

UUP

Most Oversold

The following ETFs are the most oversold for Thursday, December 17, 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 MSCI Hong Kong Index Fund ETF
(
EWH |
Quote |
Chart |
News |
PowerRating)

CurrencyShares Euro Trust ETF
(
FXE |
Quote |
Chart |
News |
PowerRating)

iShares FTSE./Xinhua China 25 ETF
(
FXI |
Quote |
Chart |
News |
PowerRating)

KBW Bank SPDRS ETF
(
KBE |
Quote |
Chart |
News |
PowerRating)

PowerShares DB U.S. Dollar Bearish Fund ETF
(
UDN |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Taiwan Index Fund ETF
(
EWT |
Quote |
Chart |
News |
PowerRating)

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

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

Regional Bank HOLDRS ETF
(
RKH |
Quote |
Chart |
News |
PowerRating)

Retail HOLDRS ETF
(
RTH |
Quote |
Chart |
News |
PowerRating)

Consumer Staples Select Sector SPDRS ETF
(
XLP |
Quote |
Chart |
News |
PowerRating)

WisdomTree India Earnings Fund ETF
(
EPI |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – iShares MSCI Hong Kong Index Fund ETF – EWH

EWH

Nearly 80% winning trades since 2003! Introducing ETF PowerRatings, a simple and powerful rating service, that ranks ETFs from 1 to 10. Get your 7 day free trial – Click Here.

Â