Most Overbought
The following ETFs are the most overbought for Friday, January 29, 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!
ProShares UltraShort Basic Materials
(SMN)
PowerShares DB US Dollar Bullish Fund
(UUP)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort MSCI Emerging Markets
(EEV)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
ProShares UltraShort QQQ
(QID)
ProShares Short QQQ
(PSQ)
ProShares Short Dow 30
(DOG)
ProShares UltraShort Dow 30
(DXD)
ProShares Short Russell 2000
(RWM)
ProShares Short S&P 500
(SH)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort S&P 500
(SDS)
Overbought ETF of the Day - ProShares UltraShort Basic Materials ETF - SMN
Most Oversold
The following ETFs are the most oversold for Friday, January 29, 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 DB Base Metals Fund
(DBB)
iShares MSCI Brazil Index Fund
(EWZ)
iPath MSCI India Index ETN
(INP)
Market Vectors Steel ETF
(SLX)
iShares Silver Trust
(SLV)
iPath Dow Jones-AIG Commodity Index Total Return ETN
(DJP)
Market Vectors Agribusiness ETF
(MOO)
PowerShares Water Resources Portfolio
(PHO)
WisdomTree India Earnings Fund
(EPI)
Claymore/BNY BRIC ETF
(EEB)
PowerShares DB Commodity Index Tracking Fund
(DBC)
iShares MSCI Canada Index Fund
(EWC)
SPDR S&P Metals & Mining ETF
(XME)
Materials Select Sector SPDR Fund
(XLB)
iShares Dow Jones U.S. Basic Materials Sector Index Fund
(IYM)
iShares MSCI Malaysia Index Fund
(EWM)
HOLDRS Oil Services Trust
(OIH)
ProShares Ultra Basic Materials
(UYM)
iShares MSCI Germany Index Fund
(EWG)
ProShares Ultra Oil & Gas
(DIG)
Energy Select Sector SPDR Fund
(XLE)
SPDR S&P Oil & Gas Exploration & Production ETF
(XOP)
iShares S&P U.S.Preferred Stock Index Fund
(PFF)
Vanguard FTSE All-World ex-US ETF
(VEU)
iShares Dow Jones U.S. Energy Sector Index Fund
(IYE)
Oversold ETF of the Day -PowerShares DB Base Metals Fund ETF - DBB
