TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, August 18, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

iShares Barclays 1-3 Year Treasury Bond ETF
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SHY |
Quote |
Chart |
News |
PowerRating)

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

iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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Chart |
News |
PowerRating)

ProShares UltraShort Real Estate ETF
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SRS |
Quote |
Chart |
News |
PowerRating)

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

ProShares UltraShort Oil & Gas ETF
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DUG |
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News |
PowerRating)

ProShares UltraShort QQQ ETF
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QID |
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Chart |
News |
PowerRating)

ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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News |
PowerRating)

DB Gold Double Short ETN
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DZZ |
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PowerRating)

ProShares UltraShort MidCap 400 ETF
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MZZ |
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News |
PowerRating)

iShares Barclays Short Treasury Bond ETF
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SHV |
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News |
PowerRating)

ProShares UltraShort Russell 2000 ETF
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TWM |
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Chart |
News |
PowerRating)

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

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

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

ProShares UltraShort Dow 30 ETF
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DXD |
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News |
PowerRating)

ProShares UltraShort Basic Materials ETF
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SMN |
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News |
PowerRating)

ProShares UltraShort Financials ETF
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SKF |
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PowerRating)

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

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

SHY

Find out what you need to know about trading exchange-traded funds (ETFs) in our primer: ETF Basics: What You Need to Know about Exchange-Traded Funds.

Most Oversold

The following ETFs are the most oversold for Tuesday, August 18, 2009, and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

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

iShares iBoxx High Yield Corporate Bond ETF
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HYG |
Quote |
Chart |
News |
PowerRating)

PowerShares Wilderhill Clean Energy Porfolio
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PBW |
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Chart |
News |
PowerRating)

iShares FTSE / Xinhua China 25 ETF
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FXI |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Hong Kong Index ETF
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EWH |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Real Estate ETF
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URE |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Real Estate index ETF
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IYR |
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Chart |
News |
PowerRating)

SPDR S&P Retail ETF
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XRT |
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News |
PowerRating)

Consumer Discretionary Select Sector SPDRS ETF
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XLY |
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News |
PowerRating)

Vanguard REIT ETF
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VNQ |
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News |
PowerRating)

iShares Cohen & Steers Realty Majors Index ETF
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ICF |
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News |
PowerRating)

SPDR Dow Jones Wilshire REIT ETF
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RWR |
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News |
PowerRating)

Utilities Select Sector SPDRS ETF
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XLU |
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Chart |
News |
PowerRating)

iShares Nasdaq Biotechnology Index ETF
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IBB |
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News |
PowerRating)

PowerShares Preferred Portfolio ETF
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PGX |
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News |
PowerRating)

Claymore Bny BRIC ETF
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EEB |
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News |
PowerRating)

iShares MSCI Malaysia Index ETF
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EWM |
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News |
PowerRating)

iShares MSCI Singapore Index ETF
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EWS |
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News |
PowerRating)

iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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Chart |
News |
PowerRating)

SPDR S&P Homebuilders ETF
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XHB |
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News |
PowerRating)

iShares MSCI South Korea Index ETF
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EWY |
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Chart |
News |
PowerRating)

PowerShares Water Resource Portfolio ETF
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PHO |
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News |
PowerRating)

iShares Dow Jones Transportation Average Index ETF
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IYT |
Quote |
Chart |
News |
PowerRating)

iShares S&P Small Cap 600 / Barra Value Index ETF
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IJS |
Quote |
Chart |
News |
PowerRating)

iShares Dow Jones U.S. Broker-Dealers Index ETF
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IAI |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – PowerShares Golden Dragon Halter USX China Portfolio ETF – PGJ

PGJ

Read more about how overbought and oversold ETFs can be quantified.High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate – Click here to learn more.

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