TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • November 18, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, November 19, 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)

Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

EWJ

Most Oversold

The following ETFs are the most oversold for Thursday, November 19, 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 Japan Index Fund ETF
(
EWJ |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Hong Kong Fund ETF
(
EWH |
Quote |
Chart |
News |
PowerRating)

S&P Oil & Gas Exploration & Production SPDRS ETF
(
XOP |
Quote |
Chart |
News |
PowerRating)

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

CurrencyShares Australian Dollar Trust ETF
(
FXA |
Quote |
Chart |
News |
PowerRating)

iShares MSCI EAFE Small Cap Index Fund ETF
(
SCZ |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – iShares MSCI Japan Index Fund ETF – EWJ

EWJ

NEW, Discover ETF PowerRatings! Find the best ETFs to trade daily in just one number, using the simple ranking scale of 1-10.  Get Your 7 Day Free Trial now.