TradingMarkets Most Overbought and Oversold ETFs for Wednesday

  • February 2, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Wednesday, February 3, 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!

^FXI^
^RJA^
^UNG^
^DBA^
^IAI^

Overbought ETF of the Day – ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN – RJA

RJA

Most Oversold

The following ETFs are the most oversold for Wednesday, February 3, 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!

^EWT^
^KRE^

Oversold ETF of the Day – iShares MSCI Taiwan Index Fund ETF – EWT

EWT

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