TradingMarkets Most Overbought and Oversold ETFs for Tuesday
Most Overbought
The following ETFs are the most overbought for Tuesday, November 3, 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 Russell 2000 Index Fund ETF
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TWM |
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PowerRating)
SPDR Dow Jones Wilshire REIT 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 Oil & Gas ETF
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DUG |
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ProShares Short QQQ ETF
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PSQ |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Financials ETF
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SKF |
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Overbought ETF of the Day – ProShares UltraShort Russell 2000 Index Fund ETF – TWM
Most Oversold
The following ETFs are the most oversold for Tuesday, November 3, 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 S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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PowerRating)
Utilities Select Sector SPDRS ETF
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XLU |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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SPDR Barclays High Yield Bond ETF
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JNK |
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PowerShares Preferred Portfolio ETF
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PGX |
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PowerRating)
iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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PowerRating)
iShares Russell 2000 Value Index Fund ETF
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IWN |
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PowerRating)
ProShares Ultra Russell 2000 Index Fund ETF
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UWM |
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PowerRating)
iShares S&P SmallCap 600 Index Fund ETF
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IJR |
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iShares Russell 2000 Index Fund ETF
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IWM |
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PowerRating)
PowerShares Financial Preferred Portfolio ETF
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PGF |
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Vanguard Small Cap Value ETF
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VBR |
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iShares Russell 2000 Growth Index Fund ETF
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IWO |
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iShares Dow Jones U.S. Broker-Dealers Index Fund ETF
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IAI |
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ProShares Ultra Semiconductor ETF
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USD |
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Vanguard Small Cap ETF
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VB |
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iShares S&P GSTI Semiconductor Index Fund ETF
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IGW |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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SPDR S&P Oil & Gas Exploration & Production ETF
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XOP |
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PowerRating)
iShares S&P MidCap 400 Index Fund ETF
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IJH |
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PowerRating)
Vanguard Small Cap Growth ETF
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VBK |
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iShares Dow Jones Select Dividend Index Fund ETF
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DVY |
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PowerRating)
iShares Dow Jones U.S. Oil & gas Exploration & Production Index Fund ETF
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IEO |
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Semiconductor HOLDRS ETF
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SMH |
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SPDR S&P Homebuilders ETF
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XHB |
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Oversold ETF of the Day – Utilities Select Sector SPDRS ETF – XLU
