Most Overbought
The following ETFs are the most overbought for Monday, March 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!
ProShares Short Russell 2000
(RWM)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort Basic Materials
(SMN)
ProShares UltraShort MSCI Emerging Markets
(EEV)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
Overbought ETF of the Day - ProShares Short Russell 2000 ETF - RWM
Most Oversold
The following ETFs are the most oversold for Monday, March 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!
SPDR S&P Homebuilders ETF
(XHB)
iShares MSCI Brazil Index Fund
(EWZ)
SPDR S&P Oil & Gas Exploration & Production ETF
(XOP)
iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund
(IEO)
Claymore/BNY BRIC ETF
(EEB)
HOLDRS Oil Services Trust
(OIH)
Market Vectors Agribusiness ETF
(MOO)
iShares Silver Trust
(SLV)
iShares MSCI France Index Fund
(EWQ)
PowerShares Water Resources Portfolio
(PHO)
Market Vectors Steel ETF
(SLX)
iShares Dow Jones U.S. Home Construction Index Fund
(ITB)
iShares Russell 2000 Growth Index Fund
(IWO)
Energy Select Sector SPDR Fund
(XLE)
SPDR S&P Metals & Mining ETF
(XME)
ProShares Ultra Oil & Gas
(DIG)
iShares Dow Jones U.S. Basic Materials Sector Index Fund
(IYM)
iShares Russell 2000 Index Fund
(IWM)
ProShares Ultra Russell 2000
(UWM)
Market Vectors Coal ETF
(KOL)
Vanguard European ETF
(VGK)
iShares S&P Europe 350 Index Fund
(IEV)
iShares S&P North American Natural Resources Index Fund
(IGE)
Vanguard Small-Cap ETF
(VB)
Oversold ETF of the Day - SPDR S&P Homebuilders ETF - XHB
