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
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FXP |
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iShares Barclays Short Treasury Bond Fund ETF
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SHV |
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PowerShares DB U.S. Dollar Index Bullish Fund ETF
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UUP |
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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
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EWH |
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PowerRating)

CurrencyShares Euro Trust ETF
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FXE |
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iShares FTSE./Xinhua China 25 ETF
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FXI |
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KBW Bank SPDRS ETF
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KBE |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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iShares MSCI Taiwan Index Fund ETF
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EWT |
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PowerRating)

iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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iShares MSCI Australia Index Fund ETF
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EWA |
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Regional Bank HOLDRS ETF
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RKH |
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Retail HOLDRS ETF
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RTH |
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Consumer Staples Select Sector SPDRS ETF
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XLP |
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WisdomTree India Earnings Fund ETF
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EPI |
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Oversold ETF of the Day – iShares MSCI Hong Kong Index Fund ETF – EWH

EWH

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