TradingMarkets Most Overbought and Oversold ETFs for Friday

Most Overbought

The following ETFs are the most overbought for Friday, August 14, 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 1-3 Year Treasury Bond ETF
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SHY |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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Overbought ETF Chart of the Day – iShares Barclays 7-10 Year Treasury Bond ETF – IEF

IEF Chart

Most Oversold

The following ETFs are the most oversold for Friday, August 14, 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 iBoxx High Yield Corporate Bond ETF
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HYG |
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PowerRating)

SPDR Lehman High Yield Bond ETF
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JNK |
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PowerShares Golden Dragon Halter USX China Portfolio ETF
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PGJ |
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PowerShares Wilderhill Clean Energy Porfolio
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PBW |
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Oversold ETF of the Day – iShares iBoxx High Yield Corporate Bond ETF – HYG

HYG Chart

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.

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