Most Overbought
The following ETFs are the most overbought for Wednesday, January 27, 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 Short Russell 2000
(RWM)
ProShares UltraShort Russell 2000
(TWM)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Financials
(SKF)
PowerShares DB US Dollar Bullish Fund
(UUP)
ProShares UltraShort FTSE/Xinhua China 25
(FXP)
ProShares UltraShort Oil & Gas
(DUG)
Overbought ETF of the Day - ProShares UltraShort Russell 2000 Index ETF - TWM
Most Oversold
The following ETFs are the most oversold for Wednesday, January 27, 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 Brazil Index Fund
(EWZ)
iShares S&P Latin American 40 Index Fund
(ILF)
PowerShares DB Base Metals Fund
(DBB)
Claymore/BNY BRIC ETF
(EEB)
iShares Russell 2000 Growth Index Fund
(IWO)
iPath MSCI India Index ETN
(INP)
iShares MSCI Taiwan Index Fund
(EWT)
Market Vectors Steel ETF
(SLX)
Health Care Select Sector SPDR Fund
(XLV)
iShares Russell 2000 Index Fund
(IWM)
iPath Dow Jones-AIG Commodity Index Total Return ETN
(DJP)
iShares S&P Small Cap 600 Index Fund
(IJR)
HOLDRS Pharmaceutical
(PPH)
iShares iBoxx $ Investment Grade Corporate Bond Fund
(LQD)
iShares MSCI Canada Index Fund
(EWC)
iShares MSCI Emerging Markets Index Fund
(EEM)
PowerShares DB Commodity Index Tracking Fund
(DBC)
ProShares Ultra Russell 2000
(UWM)
iShares MSCI South Korea Index Fund
(EWY)
iShares Russell 2000 Value Index Fund
(IWN)
ProShares Ultra Financials
(UYG)
Vanguard Small-Cap ETF
(VB)
ELEMENTS Rogers International Commodity Index Agriculture Total Return
(RJA)
Financial Select Sector SPDR Fund
(XLF)
iShares MSCI Brazil Index Fund
(EWZ)
Oversold ETF of the Day - iShares MSCI Brazil Index Fund ETF - EWZ
