Most Overbought
The following ETFs are the most overbought for Thursday, January 28, 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 Gold Double Short Exchange Traded Note
(DZZ)
PowerShares DB US Dollar Bullish Fund
(UUP)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort Basic Materials
(SMN)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
Overbought ETF of the Day - DB Gold Double Short ETN - DZZ
Most Oversold
The following ETFs are the most oversold for Thursday, January 28, 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)
iShares S&P Latin American 40 Index Fund
(ILF)
iPath MSCI India Index ETN
(INP)
iPath Dow Jones-AIG Commodity Index Total Return ETN
(DJP)
Market Vectors Steel ETF
(SLX)
Claymore/BNY BRIC ETF
(EEB)
iShares Silver Trust
(SLV)
iShares iBoxx $ Investment Grade Corporate Bond Fund
(LQD)
PowerShares DB Commodity Index Tracking Fund
(DBC)
iShares MSCI Taiwan Index Fund
(EWT)
WisdomTree India Earnings Fund
(EPI)
iShares MSCI Canada Index Fund
(EWC)
iShares MSCI Malaysia Index Fund
(EWM)
SPDR S&P Metals & Mining ETF
(XME)
Market Vectors Agribusiness ETF
(MOO)
ELEMENTS Rogers International Commodity Index Total Return
(RJI)
SPDR Gold Shares
(GLD)
iShares MSCI Emerging Markets Index Fund
(EEM)
SPDR S&P Oil & Gas Exploration & Production ETF
(XOP)
PowerShares DB Gold Double Long Exchange Traded Note
(DGP)
Materials Select Sector SPDR Fund
(XLB)
ProShares Ultra Oil & Gas
(DIG)
iShares MSCI South Korea Index Fund
(EWY)
iShares MSCI Singapore Index Fund
(EWS)
Oversold ETF of the Day -iShares S&P Latin America 40 Index Fund ETF - ILF
