TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • September 28, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, September 29, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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iShares Barclays 7-10 Treasury Bond Fund
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IEF |
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PowerShares DB Agriculture Fund ETF
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DBA |
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DB Gold Double Short ETN
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DZZ |
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PowerShares DB U.S. Dollar Bullish Fund ETF
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UUP |
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Overbought ETF Chart of the Day – iShares Barclays 20+ Year Treasury Bond Fund ETF – TLT

TLT

Most Oversold

The following ETFs are the most oversold for Tuesday, September 29, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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PowerRating)

Market Vectors Gold Miners ETF
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GDX |
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DB Gold Double Long ETN
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DGP |
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iShares COMEX Gold Trust ETF
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IAU |
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Rydex CurrencyShares Euro Trust ETF
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FXE |
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SPDR Gold Trust ETF
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GLD |
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PowerShares DB U.S. Dollar Bearish Fund ETF
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UDN |
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Oversold ETF of the Day – Market Vectors Gold Miners ETF – GDX

GDX

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