TradingMarkets Most Overbought and Oversold ETFs for Tuesday
Most Overbought
The following ETFs are the most overbought for Tuesday, December 8, 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.
ProShares UltraShort Oil & Gas ETF
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DUG |
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DB Gold Double Short ETN
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DZZ |
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PowerShares U.S. DB Dollar Index Bullish Fund ETF
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UUP |
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United States Natural Gas ETF
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UNG |
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ProShares UltraShort Basic Materials ETF
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SMN |
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Overbought ETF of the Day – ProShares UltraShort Oil & Gas ETF – DUG
Most Oversold
The following ETFs are the most oversold for Tuesday, December 8, 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.
iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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PowerRating)
United States Oil Fund ETF
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USO |
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ELEMENTS / Rogers International Commodity Index – Agirculture Total Return ETN
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RJA |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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PowerShares DB Commodity Index Tracking ETF
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DBC |
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Energy Select Sector SPDR ETF
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XLE |
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CurrencyShares Euro Trust ETF
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FXE |
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Oil Service HOLDRS ETF
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OIH |
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ELEMENTS / Rogers International Commodity Index – Total Return ETN
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RJI |
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Market Vectors Coal ETF
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KOL |
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iShares Silver Trust ETF
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SLV |
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ProShares Ultra Oil & Gas ETF
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DIG |
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iShares Goldman Sachs Natural Resources Index Fund ETF
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IGE |
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Vanguard Energy ETF
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VDE |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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DB Gold Double Long ETN
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DGP |
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iShares COMEX Gold Trust ETF
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IAU |
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iShares MSCI Australia Index Fund ETF
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EWA |
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SPDR Gold Trust ETF
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GLD |
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Market Vectors Gold Miners ETF
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GDX |
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iShares MSCI Malaysia Index Fund ETF
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EWM |
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iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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iShares MSCI South Africa Index Fund ETF
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EZA |
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iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
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IEO |
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Oversold ETF of the Day – iPath S&P Goldman Sachs Crude Oil Trust Index ETF – OIL
