Most Overbought
The following ETFs are the most overbought for Friday, February 5, 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 Financials
(SKF)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
ProShares Short Russell 2000
(RWM)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort Basic Materials
(SMN)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares UltraShort Real Estate
(SRS)
ProShares Short S&P 500
(SH)
ProShares UltraShort S&P 500
(SDS)
ProShares Short Dow 30
(DOG)
ProShares UltraShort MidCap 400
(MZZ)
ProShares UltraShort Dow 30
(DXD)
ProShares UltraShort Oil & Gas
(DUG)
ProShares Short QQQ
(PSQ)
ProShares UltraShort QQQ
(QID)
iShares Barclays 1-3Yr Treasury Bond Fund
(SHY)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
Overbought ETF of the Day - ProShares UltraShort Financials ETF - SKF
Most Oversold
The following ETFs are the most oversold for Friday, February 5, 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!
SPDR KBW Regional Banking ETF
(KRE)
SPDR Lehman High Yield Bond ETF
(JNK)
HOLDRS Regional Bank
(RKH)
iShares MSCI Malaysia Index Fund
(EWM)
iShares MSCI Singapore Index Fund
(EWS)
iShares Dow Jones U.S. Financial Services Index Fund
(IYG)
iShares MSCI Australia Index Fund
(EWA)
PowerShares DB Base Metals Fund
(DBB)
Market Vectors Coal ETF
(KOL)
Utilities Select Sector SPDR Fund
(XLU)
iShares Dow Jones U.S. Financial Sector Index Fund
(IYF)
ProShares Ultra Financials
(UYG)
iShares MSCI South Korea Index Fund
(EWY)
Vanguard Emerging Markets ETF
(VWO)
Financial Select Sector SPDR Fund
(XLF)
iShares S&P Small Cap 600 Index Fund
(IJR)
iShares MSCI Pacific ex-Japan Index Fund
(EPP)
WisdomTree India Earnings Fund
(EPI)
SPDR Gold Shares
(GLD)
ProShares Ultra Russell 2000
(UWM)
iShares MSCI Emerging Markets Index Fund
(EEM)
iShares Russell 2000 Value Index Fund
(IWN)
iShares COMEX Gold Trust
(IAU)
PowerShares DB Gold Double Long Exchange Traded Note
(DGP)
iShares Dow Jones Transportation Average Index Fund
(IYT)
Oversold ETF of the Day - Lehman High Yield Bond SPDRS ETF - JNK
