Most Overbought
The following ETFs are the most overbought for Wednesday, February 10, 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 Real Estate
(SRS)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
PowerShares DB US Dollar Bearish Fund
(UDN)
United States Oil Fund
(USO)
CurrencyShares Euro Trust
(FXE)
PowerShares DB Oil Fund
(DBO)
iShares FTSE/Xinhua China 25 Index Fund
(FXI)
iPath S&P GSCI Crude Oil Total Return Index ETN
(OIL)
iShares Dow Jones U.S. Telecommunications Sector Index Fund
(IYZ)
Vanguard Europe Pacific ETF
(VEA)
Overbought ETF of the Day - ProShares UltraShort Real Estate ETF - SRS
Most Oversold
The following ETFs are the most oversold for Wednesday, February 10, 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 Barclays TIPS Bond Fund
(TIP)
iShares iBoxx $ Investment Grade Corporate Bond Fund
(LQD)
Vanguard REIT ETF
(VNQ)
iShares Dow Jones U.S. Real Estate Index Fund
(IYR)
iShares Cohen & Steers Realty Majors Index Fund
(ICF)
ProShares Ultra Real Estate
(URE)
SPDR Dow Jones REIT ETF
(RWR)
Oversold ETF of the Day - iShares Barclays TIPS Bond Fund ETF - TIP
