Most Overbought
The following ETFs are the most overbought for Wednesday, January 20, 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)
PowerShares DB US Dollar Bullish Fund
(UUP)
Overbought ETF of the Day - PowerShares DB U.S. Index Dollar Bullish Fund ETF - UUP
Most Oversold
The following ETFs are the most oversold for Wednesday, January 20, 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.
CurrencyShares Euro Trust
(FXE)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
PowerShares Financial Preferred Portfolio
(PGF)
PowerShares Wilder Clean Energy Portfolio
(PBW)
PowerShares DB US Dollar Bearish Fund
(UDN)
iShares iBoxx $ High Yield Corporate Bond Fund
(HYG)
Oversold ETF of the Day -ELEMENTS/Rogers International Commodity Index - Agriculture Total Return ETN - RJA
