Most Overbought
The following ETFs are the most overbought for Tuesday, February 9, 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)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares Short Dow 30
(DOG)
ProShares UltraShort Dow 30
(DXD)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort MidCap 400
(MZZ)
ProShares Short S&P 500
(SH)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
ProShares UltraShort S&P 500
(SDS)
ProShares UltraShort Russell 2000
(TWM)
ProShares Short Russell 2000
(RWM)
ProShares UltraShort Financials
(SKF)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
ProShares UltraShort Real Estate
(SRS)
ProShares UltraShort Basic Materials
(SMN)
ProShares Short QQQ
(PSQ)
ProShares UltraShort QQQ
(QID)
Overbought ETF of the Day - ProShares UltraShort FTSE/Xinhua China 25 ETF - FXP
Most Oversold
The following ETFs are the most oversold for Tuesday, February 9, 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 Malaysia Index Fund
(EWM)
Vanguard Emerging Markets ETF
(VWO)
iShares MSCI South Korea Index Fund
(EWY)
Market Vectors Coal ETF
(KOL)
Market Vectors Russia ETF
(RSX)
iShares MSCI Singapore Index Fund
(EWS)
HOLDRS Oil Services Trust
(OIH)
Market Vectors Agribusiness ETF
(MOO)
Vanguard Dividend Appreciation ETF
(VIG)
iShares iBoxx $ High Yield Corporate Bond Fund
(HYG)
iShares Dow Jones Select Dividend Index Fund
(DVY)
Industrial Select Sector SPDR Fund
(XLI)
iShares S&P U.S.Preferred Stock Index Fund
(PFF)
iShares S&P Latin American 40 Index Fund
(ILF)
ProShares Ultra Dow 30
(DDM)
Consumer Discretionary Select Sector SPDR Fund
(XLY)
Energy Select Sector SPDR Fund
(XLE)
iShares S&P Small Cap 600 Index Fund
(IJR)
iShares Nasdaq Biotechnology Index Fund
(IBB)
Vanguard Value ETF
(VTV)
DIAMONDS Trust
(DIA)
iShares MSCI Japan Index Fund
(EWJ)
iShares S&P 500 Value Index Fund
(IVE)
PowerShares Financial Preferred Portfolio
(PGF)
HOLDRS Pharmaceutical
(PPH)
Oversold ETF of the Day - iShares MSCI Malaysia Index Fund ETF - EWM
