TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, December 9, 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 Oil & Gas ETF
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DUG |
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PowerRating)
PowerShares U.S. DB Dollar Index Bullish Fund ETF
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UUP |
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PowerRating)
DB Gold Double Short ETN
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DZZ |
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ProShares Short Dow 30 Trust ETF
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DOG |
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PowerRating)
ProShares UltraShort Basic Materials ETF
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SMN |
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PowerRating)
United States Natural Gas ETF
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UNG |
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PowerRating)
ProShares UltraShort Dow 30 Trust ETF
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DXD |
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PowerRating)
ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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PowerRating)
ProShares Short S&P 500 ETF
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SH |
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PowerRating)
ProShares UltraShort S&P 500 ETF
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SDS |
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PowerRating)
ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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PowerRating)
ProShares UltraShort QQQ ETF
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QID |
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PowerRating)
ProShares UltraShort Financials ETF
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SKF |
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PowerRating)
Overbought ETF of the Day – PowerShares U.S. DB Dollar Index Bullish Fund ETF – UUP
Most Oversold
The following ETFs are the most oversold for Wednesday, December 9, 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.
Oil Service HOLDRS ETF
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OIH |
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News |
PowerRating)
Energy Select Sector SPDRS ETF
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XLE |
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News |
PowerRating)
ELEMENTS / Rogers International Commodity Index – Total Return ETN
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RJI |
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News |
PowerRating)
iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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News |
PowerRating)
PowerShares DB Oil Fund ETF
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DBO |
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Chart |
News |
PowerRating)
iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
Quote |
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News |
PowerRating)
iShares Goldman Sachs Natural Resources Index Fund ETF
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IGE |
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News |
PowerRating)
ProShares Ultra Oil & Gas ETF
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DIG |
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News |
PowerRating)
United States Oil Fund ETF
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USO |
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News |
PowerRating)
Vanguard Energy ETF
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VDE |
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PowerRating)
iPath Dow Jones – AIG Commodity Index Total Return ETN
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DJP |
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News |
PowerRating)
iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
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IEO |
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News |
PowerRating)
PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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News |
PowerRating)
PowerShares DB Commodity Index Tracking ETF
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DBC |
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News |
PowerRating)
Market Vectors Coal ETF
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KOL |
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News |
PowerRating)
iShares S&P Europe 350 Index Fund ETF
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IEV |
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News |
PowerRating)
iShares Silver Trust ETF
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SLV |
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News |
PowerRating)
CurrencyShares Euro Trust ETF
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FXE |
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News |
PowerRating)
iShares MSCI Australia Index Fund ETF
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EWA |
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News |
PowerRating)
Vanguard European ETF
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VGK |
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News |
PowerRating)
iShares MSCI Sweden Index Fund ETF
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EWD |
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News |
PowerRating)
Pharmaceutical HOLDRS ETF
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PPH |
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News |
PowerRating)
iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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News |
PowerRating)
DB Gold Double Long ETN
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DGP |
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News |
PowerRating)
iShares MSCI South Africa Index Fund ETF
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EZA |
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News |
PowerRating)
Oversold ETF of the Day – Energy Select Sector SPDRS ETF – XLE
