Most Overbought
The following ETFs are the most overbought for Wednesday, January 13, 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 1-3Yr Treasury Bond Fund
(SHY)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares UltraShort QQQ
(QID)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort Oil & Gas
(DUG)
ProShares UltraShort Real Estate
(SRS)
iShares Barclays 20+Yr Treasury Bond Fund
(TLT)
ProShares UltraShort Financials
(SKF)
ProShares UltraShort Basic Materials
(SMN)
ProShares Short S&P 500
(SH)
ProShares UltraShort S&P 500
(SDS)
PowerShares DB Gold Double Short Exchange Traded Note
(DZZ)
Overbought ETF of the Day - ProShares UltraShort FTSE/Xinhua China 25 ETF - FXP
Most Oversold
The following ETFs are the most oversold for Wednesday, January 13, 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
iPath Dow Jones-AIG Commodity Index Total Return ETN
(DJP)
PowerShares DB Commodity Index Tracking Fund
(DBC)
PowerShares DB Agriculture Fund
(DBA)
iShares S&P GSCI Commodity-Indexed Trust
(GSG)
ELEMENTS Rogers International Commodity Index Total Return
(RJI)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
iShares Dow Jones U.S. Telecommunications Sector Index Fund
(IYZ)
iPath S&P GSCI Crude Oil Total Return Index ETN
(OIL)
Consumer Discretionary Select Sector SPDR Fund
(XLY)
United States Oil Fund
(USO)
iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund
(IEO)
HOLDRS Retail
(RTH)
iShares MSCI Canada Index Fund
(EWC)
SPDR S&P Oil & Gas Exploration & Production ETF
(XOP)
iShares FTSE/Xinhua China 25 Index Fund
(FXI)
iShares MSCI Mexico Investable Market Index
(EWW)
Technology Select Sector SPDR Fund
(XLK)
iShares Russell 2000 Growth Index Fund
(IWO)
HOLDRS Semiconductor
(SMH)
iShares S&P Latin American 40 Index Fund
(ILF)
SPDR S&P Retail ETF
(XRT)
iShares Dow Jones U.S. Technology Index Fund
(IYW)
iShares Russell Mid Cap Growth Index Fund
(IWP)
PowerShares DB Base Metals Fund
(DBB)
ProShares Ultra QQQ
(QLD)
Oversold ETF of the Day - PowerShares DB Commodity Index Tracking ETF - DBC
