TradingMarkets Most Overbought and Oversold ETFs for Wednesday

TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, August 12, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

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

ProShares UltraShort Oil & Gas ETF
(
DUG |
Quote |
Chart |
News |
PowerRating)

DB Gold Double Short ETN
(
DZZ |
Quote |
Chart |
News |
PowerRating)

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

ProShares UltraShort MSCI Emerging Markets ETF
(
EEV |
Quote |
Chart |
News |
PowerRating)

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

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

ProShares UltraShort Basic Materials ETF
(
SMN |
Quote |
Chart |
News |
PowerRating)

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

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

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

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

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

ProShares UltraShort Financials ETF
(
SKF |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort Dow 30 ETF
(
DXD |
Quote |
Chart |
News |
PowerRating)

iShares Barclays Short Treasury Bond ETF
(
SHV |
Quote |
Chart |
News |
PowerRating)

ProShares UltraShort MidCap 400 ETF
(
MZZ |
Quote |
Chart |
News |
PowerRating)

Overbought ETF Chart of the Day – PowerShares UltraShort Oil & Gas ETF – DUG

DUG

Most Oversold

The following ETFs are the most oversold for Wednesday, August 12, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

Semiconductor HOLDRS ETF
(
SMH |
Quote |
Chart |
News |
PowerRating)

ProShares Ultra Semiconductor ETF
(
USD |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Canada Index ETF
(
EWC |
Quote |
Chart |
News |
PowerRating)

WisdomTree India Earnings ETF
(
EPI |
Quote |
Chart |
News |
PowerRating)

Market Vectors Gold Miners ETF
(
GDX |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Singapore Index ETF
(
EWS |
Quote |
Chart |
News |
PowerRating)

iPath MSCI India Index ETN
(
INP |
Quote |
Chart |
News |
PowerRating)

iShares MSCI Germany Index ETF
(
EWG |
Quote |
Chart |
News |
PowerRating)

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

iShares S&P GSTI Semiconductor Index ETF
(
IGW |
Quote |
Chart |
News |
PowerRating)

iShares MSCI EMU Index ETF
(
EZU |
Quote |
Chart |
News |
PowerRating)

iShares S&P Europe 350 Index ETF
(
IEV |
Quote |
Chart |
News |
PowerRating)

iShares Goldman Sachs Natural Resources Index ETF
(
IGE |
Quote |
Chart |
News |
PowerRating)

Vanguard Europe Pacific ETF
(
VEA |
Quote |
Chart |
News |
PowerRating)

iShares MSCI EAFE Index ETF
(
EFA |
Quote |
Chart |
News |
PowerRating)

Market Vectors Agribusiness ETF
(
MOO |
Quote |
Chart |
News |
PowerRating)

DB Gold Double Long ETN
(
DGP |
Quote |
Chart |
News |
PowerRating)

iShares COMEX Gold Trust ETF
(
IAU |
Quote |
Chart |
News |
PowerRating)

SPDR Gold Trust ETF
(
GLD |
Quote |
Chart |
News |
PowerRating)

PowerShares DB Commodity Index Tracking ETF
(
DBC |
Quote |
Chart |
News |
PowerRating)

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

iPath S&P Goldman Sachs Crude Oil Trust ETF
(
OIL |
Quote |
Chart |
News |
PowerRating)

iShares S&P U.S. Preferred Stock Index ETF
(
PFF |
Quote |
Chart |
News |
PowerRating)

United States Oil Fund
(
USO |
Quote |
Chart |
News |
PowerRating)

Vanguard FTSE All World Ex-U.S. ETF
(
VEU |
Quote |
Chart |
News |
PowerRating)

Oversold ETF of the Day – Semiconductor HOLDRS ETF – SMH

SMH

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.

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