Most Overbought
The following ETFs are the most overbought for Wednesday, April 22, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.
SPDRS Homebuilders ETF (XHB | Quote | Chart | News | PowerRating)
Oil Services HOLDRs (OIH | Quote | Chart | News | PowerRating)
iShares MSCI Taiwan Index ETF (EWT | Quote | Chart | News | PowerRating)
Overbought ETF Chart of the Day - iShares MSCI Taiwan Index ETF - EWT

Are you ready to take your trading to another level in 2009? Join Larry Connors Thursday, April 23rd at 4:30 p.m. Eastern for a special presentation introducing the 6th Swing Trading College. A special emphasis on high probability ETF trading makes this free presentation a must-attend event. Click here to save your spot!
Most Oversold
The following ETFs are the most oversold for Wednesday, April 22, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for pre-order.
iShares Barclays Aggregate Bond Index ETF (AGG | Quote | Chart | News | PowerRating)
iShares Barclays 20+ Year Treasury Bond Index ETF (TLT | Quote | Chart | News | PowerRating)
iShares Barclays TIPS Bond Index ETF (TIP | Quote | Chart | News | PowerRating)
ProShares Short S&P 500 ETF (SH | Quote | Chart | News | PowerRating)
Oversold ETF Chart of the Day - ProShares Short S&P 500 ETF - SH

In High Probability ETF Trading you can learn strategies to enhance your ETF trading. Trading overbought and oversold markets is just one quantifiable strategy for trading ETFs – click here to learn more.