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
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
