Most Overbought
The following ETFs are the most overbought for Wednesday, April 14, 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 20+Yr Treasury Bond Fund
(TLT)
iShares MSCI Spain Index Fund
(EWP)
iShares Barclays 7-10Yr Treasury Bond Fund
(IEF)
CurrencyShares Euro Trust
(FXE)
PowerShares DB Agriculture Fund
(DBA)
PowerShares Wilder Clean Energy Portfolio
(PBW)
United States Natural Gas Fund
(UNG)
ProShares UltraShort MSCI Emerging Markets
(EEV)
ProShares UltraShort Basic Materials
(SMN)
Overbought ETF of the Day - iShares Barclays 20+ Year Treasury Bond Fund - TLT
Most Oversold
The following ETFs are the most oversold for Wednesday, April 14, 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 S&P GSCI Crude Oil Total Return Index ETN
(OIL)
PowerShares DB US Dollar Bullish Fund
(UUP)
United States Oil Fund
(USO)
HOLDRS Oil Services Trust
(OIH)
iShares MSCI South Africa Index Fund
(EZA)
iShares MSCI South Korea Index Fund
(EWY)
Materials Select Sector SPDR Fund
(XLB)
iShares MSCI Taiwan Index Fund
(EWT)
iShares MSCI Malaysia Index Fund
(EWM)
SPDR S&P Metals & Mining ETF
(XME)
WisdomTree India Earnings Fund
(EPI)
Market Vectors Agribusiness ETF
(MOO)
ProShares Ultra Basic Materials
(UYM)
iShares Dow Jones U.S. Basic Materials Sector Index Fund
(IYM)
Market Vectors Gold Miners ETF
(GDX)
HOLDRS Pharmaceutical
(PPH)
iShares MSCI Japan Index Fund
(EWJ)
iShares MSCI Emerging Markets Index Fund
(EEM)
Oversold ETF of the Day - iPath S&P Goldman Sachs Crude Oil Trust Index ETN - OIL
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