TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, January 28, 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!

^DZZ^
^UUP^
^EEV^
^DUG^
^SMN^
^FXP^

Overbought ETF of the Day – DB Gold Double Short ETN – DZZ

DZZ

Most Oversold

The following ETFs are the most oversold for Thursday, January 28, 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!

^DBB^
^EWZ^
^ILF^
^INP^
^DJP^

^SLX^
^EEB^
^SLV^
^LQD^
^DBC^

^EWT^
^EPI^
^EWC^
^EWM^
^XME^

^MOO^
^RJI^
^GLD^
^EEM^
^XOP^

^DGP^
^XLB^
^DIG^
^EWY^
^EWS^

Oversold ETF of the Day -iShares S&P Latin America 40 Index Fund ETF – ILF

ILF

The Holy Grail of Indicators – Click here to learn the best trading indicator and why you should avoid the popular 14-period RSI.