Most Overbought
The following ETFs are the most overbought for Tuesday, January 19, 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 FTSE/Xinhua China 25
(FXP)
ProShares UltraShort MSCI Emerging Markets
(EEV)
iShares Barclays 1-3Yr Treasury Bond Fund
(SHY)
ProShares UltraShort Basic Materials
(SMN)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort S&P 500
(SDS)
ProShares UltraShort Dow 30
(DXD)
ProShares UltraShort QQQ
(QID)
ProShares Short S&P 500
(SH)
PowerShares DB US Dollar Bullish Fund
(UUP)
ProShares UltraShort Financials
(SKF)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort Real Estate
(SRS)
Overbought ETF of the Day - iShares Barclays 1-3 Year Treasury Bond Fund ETF - SHY
Most Oversold
The following ETFs are the most oversold for Tuesday, January 19, 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.
iShares MSCI Hong Kong Index Fund
(EWH)
iPath S&P GSCI Crude Oil Total Return Index ETN
(OIL)
iShares MSCI Brazil Index Fund
(EWZ)
iShares S&P GSCI Commodity-Indexed Trust
(GSG)
United States Oil Fund
(USO)
Claymore/BNY BRIC ETF
(EEB)
PowerShares Wilder Clean Energy Portfolio
(PBW)
iShares FTSE/Xinhua China 25 Index Fund
(FXI)
PowerShares DB Commodity Index Tracking Fund
(DBC)
iShares Dow Jones U.S. Telecommunications Sector Index Fund
(IYZ)
iShares S&P Latin American 40 Index Fund
(ILF)
ELEMENTS Rogers International Commodity Index Total Return
(RJI)
SPDR S&P Homebuilders ETF
(XHB)
Market Vectors Coal ETF
(KOL)
iShares MSCI Emerging Markets Index Fund
(EEM)
PowerShares Water Resources Portfolio
(PHO)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
Vanguard Emerging Markets ETF
(VWO)
CurrencyShares Euro Trust
(FXE)
iShares MSCI Mexico Investable Market Index
(EWW)
Market Vectors Gold Miners ETF
(GDX)
iShares MSCI Germany Index Fund
(EWG)
HOLDRS Semiconductor
(SMH)
iShares MSCI EMU Index Fund
(EZU)
Market Vectors Agribusiness ETF
(MOO)
Oversold ETF of the Day -iShares MSCI Hong Kong Index Fund ETF - EWH
