See this week’s list of most overbought and oversold etfs you need to know for Monday’s trading, where you’ll find several well-known names like the ProShares UltraShort Oil & Gas ETF, DUG.
Sellers remained on the offensive in the technology sector, sending the ProShares UltraShort Semiconductor ETF, SSG higher on Friday.
Sellers were most aggressive in the technology sector, helping make the PowerShares QQQ ETF, QQQQ one of the bigger decliners among major equity index ETFs.
The following ETFs are the most overbought and oversold for Thursday, January 28, 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!
The markets continued to tread water for a third consecutive day on Wednesday. Buyers regained the upper hand in financials and technology, leading to higher prices for the iShares Dow Jones U.S. Financial Sector ETF, IYF, and the iShares S&P GSTI Semiconductor Index Fund ETF, IGW.
Sellers were most aggressive in both the financial and materials sectors on Tuesday, extending oversold conditions in exchange-traded funds (ETFs) like the iShares Dow Jones U.S. Financial Sector Index Fund ETF, IYF and the PowerShares DB Base Metals Fund ETF, DBB.
The following ETFs are the most overbought for Tuesday, January 26, 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!
Bulls stampeded into the technology and energy sectors today, sending both the ProShares Ultra Technology ETF, ROM and the ProShares Ultra Oil & Gas ETF, DIG up over 2% at the end of Monday’s trading session.
As a short term trader looking to take advantage of extreme conditions in leveraged ETFs like these, what’s the next move? Time to sell? Or time to buy? What is drawing short term traders to leveraged ETFS anyway? Find out here.
Sellers remained aggressive in both the financial and technology sectors, leading the Financial Select Sector SPDRS ETF, XLF and the Technology Select Sector SPDRS ETF, XLK both down more than 3% and into oversold territory above the 200-day moving average.