TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, January 19, 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.

^FXP^
^EEV^
^SHY^
^SMN^
^IEF^

^TLT^
^DUG^
^SDS^
^DXD^
^QID^

^SH^
^UUP^
^SKF^
^TWM^
^SRS^

Overbought ETF of the Day – iShares Barclays 1-3 Year Treasury Bond Fund ETF – SHY

SHY

Most Oversold

The following ETFs are the most oversold for Tuesday, January 19, 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.

^EWH^
^OIL^
^EWZ^
^GSG^
^USO^

^EEB^
^PBW^
^FXI^
^DBC^
^IYZ^

^ILF^
^RJI^
^XHB^
^KOL^
^EEM^

^PHO^
^RJA^
^VWO^
^FXE^
^EWW^

^GDX^
^EWG^
^SMH^
^EZU^
^MOO^

Oversold ETF of the Day -iShares MSCI Hong Kong Index Fund ETF – EWH

EWH

With over 4,000 copies already sold, it’s easy to see why traders are gravitating toward Larry Connors’ latest book – Click Here for the softcover edition.