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

Most Overbought

The following ETFs are the most overbought for Wednesday, December 16, 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.

United States Natural Gas Fund ETF
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UNG |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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PowerShares DB U.S. Dollar Index Bullish Fund ETF
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UUP |
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iShares Barclays Short Treasury Bond Fund ETF
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SHV |
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ProShares UltraShort Financials ETF
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SKF |
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Overbought ETF of the Day – United States Natural Gas Fund ETF – UNG

UNG

Most Oversold

The following ETFs are the most oversold for Wednesday, December 16, 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.

Vanguard Total Bond Fund ETF
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BND |
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PowerShares Preferred Portfolio ETF
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PGX |
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iShares Barclays Aggregate Bond ETF
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AGG |
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CurrencyShares Euro Trust ETF
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FXE |
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iShares MSCI Hong Kong Index Fund ETF
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EWH |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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KBW Bank SPDRS ETF
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KBE |
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iShares FTSE./Xinhua China 25 ETF
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FXI |
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Regional Bank HOLDRS ETF
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RKH |
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WisdomTree India Earnings Fund ETF
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EPI |
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PowerShares DB Oil Fund ETF
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DBO |
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iShares MSCI Japan Index Fund ETF
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EWJ |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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iShares Dow Jones U.S. Financial Services Index Fund ETF
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IYG |
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Financial Select Sector SPDRS ETF
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XLF |
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Market Vectors Gold Miners ETF
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GDX |
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iShares MSCI Singapore Index Fund ETF
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EWS |
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iShares MSCI Pacific ex-Japan Index Fund ETF
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EPP |
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Oversold ETF of the Day – iShares Barclays Aggregate Bond ETF – AGG

AGG

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