TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, January 20, 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.

^SHY^
^UUP^

Overbought ETF of the Day – PowerShares DB U.S. Index Dollar Bullish Fund ETF – UUP

UUP

Most Oversold

The following ETFs are the most oversold for Wednesday, January 20, 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.

^FXE^
^RJA^
^PGF^
^PBW^
^UDN^
^HYG^

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

UUP

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