TradingMarkets Most Overbought and Oversold ETFs for Thursday
Most Overbought
The following ETFs are the most overbought for Thursday, January 21, 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^
^SHY^
^DZZ^
^TLT^
^IEF^
^DUG^
^FXP^
^EEV^
Overbought ETF of the Day – DB Gold Double Short ETN – DZZ
Most Oversold
The following ETFs are the most oversold for Thursday, January 21, 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!
^UDN^
^RJA^
^PGF^
^EWC^
^GDX^
^PBW^
^EWJ^
^RJI^
^EWG^
^EWT^
^DJP^
^DBC^
^IYT^
^DGP^
^GSG^
^EZU^
^GLD^
^IEV^
^IYZ^
^OIL^
^EFA^
^USO^
^EWZ^
^VEA^
^HYG^
Oversold ETF of the Day – PowerShares DB U.S. Dollar Bearish Fund – UDN
