TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, December 1, 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 20+ Year Treasury Bond ETF
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TLT |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares Short Russell 2000 ETF
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RWM |
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ProShares UltraShort MidCap 400 ETF
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MZZ |
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ProShares UltraShort QQQ ETF
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QID |
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Overbought ETF of the Day – ProShares UltraShort Russell 2000 ETF – TWM

TWM

Most Oversold

The following ETFs are the most oversold for Tuesday, December 1, 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 Russell 2000 Growth Index ETF
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IWO |
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Consumer Staples Select Sector SPDRS ETF
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XLP |
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PowerShares Water Resources Portfolio ETF
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PHO |
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PowerShares Financial Preferred Portfolio ETF
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PGF |
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iShares Dow Jones U.S. Home Construction Index ETF
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ITB |
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iShares MSCI United Kingdom Index ETF
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EWU |
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S&P Homebuilders SPDRS ETF
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XHB |
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iShares MSCI Sweden Index ETF
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EWD |
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KBW Insurance SPDRS ETF
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KIE |
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iShares MSCI EAFE Small Cap Index ETF
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SCZ |
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Vanguard Small Cap ETF
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VB |
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iShares Goldman Sachs Natural Resources Index ETF
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IGE |
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iShares S&P Europe 350 Index ETF
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IEV |
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Vanguard European ETF
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VGK |
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iShares S&P Small Cap 600 Index Fund ETF
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IJR |
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Market Vectors Russia ETF
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RSX |
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Retail HOLDRS ETF
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RTH |
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S&P Retail SPDRS ETF
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XRT |
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iShares S&P Latin America 40 Index ETF
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ILF |
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ProShares Ultra Russelll 2000 ETF
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UWM |
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iShares Dow Jones U.S. Telecommunications Sector Index ETF
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IYZ |
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Energy Select Sector SPDRS ETF
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XLE |
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iShares Russell MidCap Growth Index ETF
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IWP |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Oversold ETF of the Day – iShares Russell 2000 Growth Index ETF – IWO

IWO

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