Most Overbought
The following ETFs are the most overbought for Thursday, January 21, 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 US Dollar Bullish Fund
(UUP)
iShares Barclays 1-3Yr Treasury Bond Fund
(SHY)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares UltraShort MSCI Emerging Markets
(EEV)
Overbought ETF of the Day - DB Gold Double Short ETN - DZZ
Most Oversold
The following ETFs are the most oversold for Thursday, January 21, 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 US Dollar Bearish Fund
(UDN)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
PowerShares Financial Preferred Portfolio
(PGF)
iShares MSCI Canada Index Fund
(EWC)
Market Vectors Gold Miners ETF
(GDX)
PowerShares Wilder Clean Energy Portfolio
(PBW)
iShares MSCI Japan Index Fund
(EWJ)
ELEMENTS Rogers International Commodity Index Total Return
(RJI)
iShares MSCI Germany Index Fund
(EWG)
iShares MSCI Taiwan Index Fund
(EWT)
iPath Dow Jones-AIG Commodity Index Total Return ETN
(DJP)
PowerShares DB Commodity Index Tracking Fund
(DBC)
iShares Dow Jones Transportation Average Index Fund
(IYT)
PowerShares DB Gold Double Long Exchange Traded Note
(DGP)
iShares S&P GSCI Commodity-Indexed Trust
(GSG)
iShares MSCI EMU Index Fund
(EZU)
SPDR Gold Shares
(GLD)
iShares S&P Europe 350 Index Fund
(IEV)
iShares Dow Jones U.S. Telecommunications Sector Index Fund
(IYZ)
iPath S&P GSCI Crude Oil Total Return Index ETN
(OIL)
iShares MSCI EAFE Index Fund
(EFA)
United States Oil Fund
(USO)
iShares MSCI Brazil Index Fund
(EWZ)
Vanguard Europe Pacific ETF
(VEA)
iShares iBoxx $ High Yield Corporate Bond Fund
(HYG)
Oversold ETF of the Day - PowerShares DB U.S. Dollar Bearish Fund - UDN
