TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • February 12, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, February 16, 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!

^PBW^
^IAI^
^UNG^
^SHY^

Overbought ETF of the Day – PowerShares Wilderhill Clean Energy Portfolio ETF – PBW

PBW Chart

Most Oversold

The following ETFs are the most oversold for Tuesday, February 16, 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!

^TIP^
^AGG^
^PGF^
^PGX^

Oversold ETF of the Day – iShares Barclays TIPS Bond Fund ETF – TIP

TIP Chart

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