This week’s Big Weekly Winners includes a pair of inverse leveraged exchange-traded funds: the Direxion Small Cap Bear 3x Shares and the ProShares UltraShort Basic Materials ETF.
With traders paying more attention to positive news out of China than negative news out of Europe, materials stocks have been among the bigger beneficiaries.
Looking for bargains among the blue chips? Here are three stocks from the S&P 100 that have pulled back into or near oversold territory above the 200-day moving average in recent days. Should these stocks remain above the 200-day moving average, they could represent a significant opportunity for high probability traders.
These inverse leveraged country and regional ETFs are among those that topped the Leveraged ETF PowerRatings “Biggest Upgrades” roster on the final trading day of the week. See which funds made our report.
Whether it is trading above the 200-day moving average or below it, here are some strategies to always remain on the right side of the market.
Oil funds like the iPath S&P Goldman Scahs Crude Oil Trust Index ETN, OIL, and the Oil Service HOLDRS ETF, OIH, are among the most oversold funds for Wednesday. Here are a few other ETF funds that made our list.
U.S. markets are back in overbought territory with Energy-based ETFs like the Direxion Energy Bull 3x Shares ETF closing overbought for a fifth straight day above the 200-day moving average.
The most overbought and oversold ETFs for Friday’s trading includes the ProShares UltraShort FTSE/Xinhua China 25 ETF, FXP.
This week’s of most overbought and oversold ETFs for Monday’s trading includes the SPDR S&P Homebuilders ETF, XHB.
The following ETFs are the most overbought and oversold for Wednesday, February 24, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ newest book, High Probability ETF Trading.