TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, July 30, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

SPDR KBW Regional Banking ETF
(
KRE |
Quote |
Chart |
News |
PowerRating)

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

DB Gold Double Short ETN
(
DZZ |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Oil & Gas ETF
(
DUG |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Basic Materials ETF
(
SMN |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Emerging Markets ETF
(
EEV |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort FTSE Xinhua China 25 ETF
(
FXP |
Quote |
Chart |
News |
PowerRating)

ProShares Short Dow 30 Trust ETF
(
DOG |
Quote |
Chart |
News |
PowerRating)

ProShares Short S&P 500 ETF
(
SH |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort S&P 500 ETF
(
SDS |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Dow 30 ETF
(
DXD |
Quote |
Chart |
News |
PowerRating)

iShares Barclays 20+ Year Treasury Bond ETF
(
TLT |
Quote |
Chart |
News |
PowerRating)

SPDR Lehman 1-3 Month T-Bill ETF
(
BIL |
Quote |
Chart |
News |
PowerRating)

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

UUP

Most Oversold

The following ETFs are the most oversold for Thursday, July 30, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

Market Vectors Gold Miners ETF
(
GDX |
Quote |
Chart |
News |
PowerRating)

iShares MSCI South Africa Index ETF
(
EZA |
Quote |
Chart |
News |
PowerRating)

DB Gold Double Long ETN
(
DGP |
Quote |
Chart |
News |
PowerRating)

iShares COMEX Gold Trust ETF
(
IAU |
Quote |
Chart |
News |
PowerRating)

SPDR Gold Shares ETF
(
GLD |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Oil ETF
(
DBO |
Quote |
Chart |
News |
PowerRating)

iPath DowJones AIG Commodity Index Total Return ETN
(
DJP |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Oil Equipment & Services Index ETF
(
IEZ |
Quote |
Chart |
News |
PowerRating)

iShares Goldman Sachs Natural Resources Index ETF
(
IGE |
Quote |
Chart |
News |
PowerRating)

SPDR S&P Metals and Mining ETF
(
XME |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Commodity Index Tracking ETF
(
DBC |
Quote |
Chart |
News |
PowerRating)

ELEMENTS / Rogers International Commodity Index Total Return ETN
(
RJI |
Quote |
Chart |
News |
PowerRating)

Oil Services HOLDRS ETF
(
OIH |
Quote |
Chart |
News |
PowerRating)

Market Vectors Steel ETF
(
SLX |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Oil & Gas Exploration and Production Index ETF
(
IEO |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Energy Sector Index ETF
(
IYE |
Quote |
Chart |
News |
PowerRating)

Energy Select Sector SPDRS ETF
(
XLE |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Oil & Gas ETF
(
DIG |
Quote |
Chart |
News |
PowerRating)

iPath MSCI India index ETN
(
INP |
Quote |
Chart |
News |
PowerRating)

iShares Silver Trust ETF
(
SLV |
Quote |
Chart |
News |
PowerRating)

iShares S&P Latin America 40 Index ETF
(
ILF |
Quote |
Chart |
News |
PowerRating)

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

PowerShares Golden Dragon Halter USX China Portfolio ETF
(
PGJ |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Basic Materials ETF
(
UYM |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S Basic Materials Index ETF
(
IYM |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – iShares MSCI South Africa Index ETF – EZA

EZA

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.

Want updates on our latest articles? Have something to say to David Penn or

the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets. You can also join the

discussion on Facebook by logging onto our fanpage

.