TradingMarkets Most Overbought and Oversold ETFs You Need to Know for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, December 10, 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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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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iShares Barclays Short Treasury Bond Fund ETF
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SHV |
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Overbought ETF of the Day – DB Gold Double Short ETN – DZZ

DZZ

Most Oversold

The following ETFs are the most oversold for Thursday, December 10, 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 Oil Fund ETF
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DBO |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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United States Oil Fund ETF
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USO |
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ELEMENTS / Rogers International Commodity Index – Total Return ETN
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RJI |
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iPath Dow Jones – AIG Commodity Index Total Return ETN
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DJP |
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PowerShares DB Commodity Index Tracking ETF
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DBC |
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PowerShares DB Agriculture Fund ETF
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DBA |
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Energy Select Sector SPDRS ETF
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XLE |
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iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF
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IEO |
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iShares Silver Trust ETF
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SLV |
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iShares S&P Europe 350 Index Fund ETF
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IEV |
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Vanguard European ETF
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VGK |
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S&P Oil & Gas Exploration & Production SPDRS ETF
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XOP |
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iShares MSCI Malaysia Index Fund ETF
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EWM |
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iShares MSCI EMU Index Fund ETF
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EZU |
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iShares MSCI EAFE Index Fund ETF
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EFA |
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DB Gold Double Long ETN
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DGP |
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SPDR Gold Trust ETF
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GLD |
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iShares COMEX Gold Trust ETF
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IAU |
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Vanguard Energy ETF
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VDE |
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ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN
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RJA |
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iShares Barclays TIPS Bond Fund ETF
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TIP |
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Market Vectors Russia ETF
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RSX |
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ProShares Ultra Oil & Gas ETF
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DIG |
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Oversold ETF of the Day – iShares S&P GSCI Commodity Indexed Trust ETF – GSG

GSG

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