TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, December 23, 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.

PowerShares DB U.S. Dollar Index Bullish Fund ETF
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UUP |
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DB Gold Double Short ETN
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DZZ |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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Overbought ETF of the Day – ProShares UltraShort MSCI Emerging Markets ETF – EEV

EEV

Most Oversold

The following ETFs are the most oversold for Wednesday, December 23, 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 MSCI Hong Kong Index Fund ETF
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EWH |
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PowerRating)

CurrencyShares Euro Trust ETF
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FXE |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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PowerRating)

iShares FTSE./Xinhua China 25 ETF
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FXI |
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PowerRating)

iShares MSCI Singapore Index Fund ETF
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EWS |
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PowerRating)

iShares MSCI Malaysia Index Fund ETF
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EWM |
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PowerRating)

iShares MSCI South Africa Index Fund ETF
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EZA |
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PowerRating)

iShares MSCI Brazil Index Fund ETF
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EWZ |
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PowerRating)

iShares MSCI Australia Index Fund ETF
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EWA |
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iShares Barclays Aggregate Bond Fund ETF
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AGG |
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ProShares Short Russell 2000 ETF
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RWM |
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Vanguard Total Bond Market Fund ETF
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BND |
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PowerRating)

Utilities Select Sector SPDRS ETF
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XLU |
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PowerRating)

PowerShares DB Agriculture Fund ETF
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DBA |
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DB Gold Double Long ETN
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DGP |
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iShares COMEX Gold Trust ETF
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IAU |
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PowerRating)

Gold Trust SPDRS ETF
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GLD |
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PowerRating)

iShares Silver Trust ETF
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SLV |
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PowerRating)

Oversold ETF of the Day – PowerShares DB U.S. Dollar Bearish Fund ETF – UDN

UDN

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