TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, February 9, 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!

^EEV^
^FXP^
^DOG^
^DXD^
^DUG^

^MZZ^
^SH^
^DZZ^
^SDS^
^TWM^

^RWM^
^SKF^
^TLT^
^SRS^
^SMN^

^PSQ^
^QID^

Overbought ETF of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

FXP

Most Oversold

The following ETFs are the most oversold for Tuesday, February 9, 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!

^EWM^
^VWO^
^EWY^
^KOL^
^RSX^

^EWS^
^OIH^
^MOO^
^VIG^
^HYG^

^DVY^
^XLI^
^PFF^
^ILF^
^DDM^

^XLY^
^XLE^
^IJR^
^IBB^
^VTV^

^DIA^
^EWJ^
^IVE^
^PGF^
^PPH^

Oversold ETF of the Day – iShares MSCI Malaysia Index Fund ETF – EWM

EWM

NEW, Discover ETF PowerRatings! Find the best ETFs to trade daily in just one number, using the simple ranking scale of 1-10.  Get Your 7 Day Free Trial now.