Most Overbought
The following ETFs are the most overbought for Monday, February 8, 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 MSCI Emerging Markets
(EEV)
United States Natural Gas Fund
(UNG)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
iShares Barclays 1-3Yr Treasury Bond Fund
(SHY)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort MidCap 400
(MZZ)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
ProShares Short Dow 30
(DOG)
ProShares UltraShort Dow 30
(DXD)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
ProShares Short S&P 500
(SH)
ProShares UltraShort S&P 500
(SDS)
ProShares Short Russell 2000
(RWM)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
ProShares UltraShort Russell 2000
(TWM)
Overbought ETF of the Day - ProShares UltraShort MSCI Emerging Markets ETF - EEV
Most Oversold
The following ETFs are the most oversold for Monday, February 8, 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 Lehman High Yield Bond ETF
(JNK)
iShares MSCI Malaysia Index Fund
(EWM)
PowerShares DB Base Metals Fund
(DBB)
iShares MSCI Singapore Index Fund
(EWS)
iShares MSCI South Korea Index Fund
(EWY)
WisdomTree India Earnings Fund
(EPI)
iShares MSCI Emerging Markets Index Fund
(EEM)
Market Vectors Russia ETF
(RSX)
Market Vectors Coal ETF
(KOL)
Utilities Select Sector SPDR Fund
(XLU)
iShares MSCI EAFE Small Cap Index Fund
(SCZ)
Vanguard Emerging Markets ETF
(VWO)
HOLDRS Oil Services Trust
(OIH)
iShares S&P U.S.Preferred Stock Index Fund
(PFF)
iPath MSCI India Index ETN
(INP)
PowerShares Financial Preferred Portfolio
(PGF)
iShares iBoxx $ High Yield Corporate Bond Fund
(HYG)
iShares MSCI Brazil Index Fund
(EWZ)
HOLDRS Pharmaceutical
(PPH)
iShares Nasdaq Biotechnology Index Fund
(IBB)
iShares S&P Latin American 40 Index Fund
(ILF)
iShares iBoxx $ Investment Grade Corporate Bond Fund
(LQD)
Vanguard Dividend Appreciation ETF
(VIG)
PowerShares Preferred Portfolio
(PGX)
iShares Dow Jones Select Dividend Index Fund
(DVY)
Oversold ETF of the Day - iShares MSCI Malaysia Index Fund ETF - EWM
