TradingMarkets Most Overbought and Oversold ETFs for Thursday
Most Overbought
The following ETFs are the most overbought for Thursday, March 18, 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!
^IEF^
^TLT^
^DBA^
^SHY^
^PBW^
Overbought ETF of the Day – PowerShares DB Agriculture Fund ETF – DBA
Most Oversold
The following ETFs are the most oversold for Thursday, March 18, 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^
^IBB^
Oversold ETF of the Day – iShares Nasdaq Biotechnology Index Fund – IBB