TradingMarkets Most Overbought and Oversold ETFs for Friday

  • April 15, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, April 16, 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!

^DBA^
^SHY^
^SRS^

Overbought ETF of the Day – PowerShares DB Agriculture Fund ETF – DBA

DBA Chart

Most Oversold

The following ETFs are the most oversold for Friday, April 16, 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!

^PPH^
^PGX^
^XLV^
^PGF^
^RWR^

^VNQ^
^IYR^
^URE^

Oversold ETF of the Day – Pharmaceutical HOLDRS ETF – PPH

PPH Chart

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