Most Overbought
The following ETFs are the most overbought for Friday, January 22, 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.
iShares Barclays 1-3Yr Treasury Bond Fund
(SHY)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
PowerShares DB US Dollar Bullish Fund
(UUP)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort Basic Materials
(SMN)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Dow 30
(DXD)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares UltraShort S&P 500
(SDS)
ProShares UltraShort Financials
(SKF)
ProShares Short S&P 500
(SH)
ProShares UltraShort Real Estate
(SRS)
ProShares Short Russell 2000
(RWM)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort QQQ
(QID)
Overbought ETF of the Day - iShares Barclays 7-10 Year Treasury Bond Fund ETF - IEF
Most Oversold
The following ETFs are the most oversold for Friday, January 22, 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!
PowerShares Financial Preferred Portfolio
(PGF)
iShares iBoxx $ High Yield Corporate Bond Fund
(HYG)
iShares MSCI Canada Index Fund
(EWC)
Market Vectors Gold Miners ETF
(GDX)
PowerShares DB US Dollar Bearish Fund
(UDN)
PowerShares Wilder Clean Energy Portfolio
(PBW)
iShares MSCI Taiwan Index Fund
(EWT)
SPDR Lehman High Yield Bond ETF
(JNK)
iShares MSCI Germany Index Fund
(EWG)
Market Vectors Coal ETF
(KOL)
iShares MSCI Brazil Index Fund
(EWZ)
iShares Dow Jones Transportation Average Index Fund
(IYT)
iShares MSCI EMU Index Fund
(EZU)
iShares S&P GSCI Commodity-Indexed Trust
(GSG)
iShares S&P U.S.Preferred Stock Index Fund
(PFF)
PowerShares DB Commodity Index Tracking Fund
(DBC)
ELEMENTS Rogers International Commodity Index Total Return
(RJI)
SPDR S&P Metals & Mining ETF
(XME)
iShares MSCI Hong Kong Index Fund
(EWH)
iShares S&P Europe 350 Index Fund
(IEV)
Claymore/BNY BRIC ETF
(EEB)
ProShares Ultra Oil & Gas
(DIG)
SPDR Gold Shares
(GLD)
PowerShares DB Gold Double Long Exchange Traded Note
(DGP)
iShares S&P Latin American 40 Index Fund
(ILF)
Oversold ETF of the Day - PowerShares Financial Preferred Portfolio ETF - PGF
