TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, October 28, 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 Short QQQ ETF
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PSQ |
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ProShares UltraShort QQQ Trust ETF
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QID |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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DB Gold Double Short ETN
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DZZ |
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ProShares UltraShort Basic Materials ETF
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SMN |
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PowerShares DB U.S. Dollar Index Bullish Fund
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UUP |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares Short Russell 2000 Index ETF
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RWM |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Financial ETF
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SKF |
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ProShares UltraShort Real Estate ETF
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SRS |
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ProShares UltraShort Dow 30 Trust ETF
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DXD |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares Short Dow 30 Trust ETF
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DOG |
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Overbought ETF Chart of the Day – ProSharse Short QQQ ETF – PSQ
Most Oversold
The following ETFs are the most oversold for Wednesday, October 28, 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.
Market Vectors Gold Miners ETF
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GDX |
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SPDR S&P Metals & Mining ETF
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XME |
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iPath MSCI India Index ETN
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INP |
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WisdomTree India Earnings Fund ETF
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EPI |
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iShares S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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iShares Dow Jones U.S. Transportation Average ETF
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IYT |
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iShares MSCI Mexico Index Fund ETF
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EWW |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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Market Vectors Steel ETF
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SLX |
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iShares MSCI Austria Index Fund ETF
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EWO |
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iShares Nasdaq Biotechnology Index Fund ETF
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IBB |
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iShares MSCI Canada Index Fund ETF
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EWC |
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Market Vectors Agribusiness ETF
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MOO |
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PowerShares QQQ Trust ETF
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QQQQ |
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Market Vectors Coal ETF
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KOL |
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ProShares Ultra QQQ Trust ETF
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QLD |
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Claymore BNY BRIC ETF
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EEB |
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iShares MSCI Japan Index ETF
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EWJ |
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Market Vectors Russia ETF
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RSX |
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iShares Silver Trust ETF
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SLV |
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Industrial Select Sector SPDRS ETF
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XLI |
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Utilities Select Sector SPDRS ETF
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XLU |
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iShares S&P GSTI Semiconductor Index Fund ETF
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IGW |
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iShares MSCI Emerging Markets Index Fund ETF
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EEM |
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iShares MSCI Germany Index Fund ETF
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EWG |
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Oversold ETF of the Day – iPath MSCI India Index ETN – INP