India-based exchange-traded funds are among the most oversold heading into trading on Monday. Find out what other ETFs are pulling back from recently overbought conditions in today’s edition of 7 ETFs You Need to Know.
This week’s most overbought and oversold ETFs for Wednesday’s trading includes a healthy list of ETFs on both sides of the market line. Among them is the PowerShares Commodity Index Tracking ETF, DBC.
Day two of 2010’s trading saw the rise of PowerShares QQQ Trust ETF, QQQQ into overbought territory, placing it firmly on our list of exchange traded funds to watch for Wednesday’s trading.
The following ETFs are the most overbought and oversold for Monday, January 4, 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.