TradingMarkets Most Overbought and Oversold ETFs for Friday

  • July 23, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, July 24, 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 order.

ProShares Ultra Real Estate ETF
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URE |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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United States Oil Fund
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USO |
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ProShares Ultra Financial ETF
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UYG |
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SPDR KBW Regional Banking ETF
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KRE |
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SPDR KBW Bank ETF
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KBE |
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Overbought ETF Chart of the Day – ProShares Ultra Real Estate ETF – URE

URE

Most Oversold

The following ETFs are the most oversold for Friday, July 24, 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 order.

iShares Barclays TIPS Bond ETF
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TIP |
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PowerRating)

Oversold ETF of the Day – iShares Barclays TIPS Bond ETF – TIP

TIP

Larry Connors will be conducting a 2 1/2 day High Probability ETF Trading Seminar beginning August 14. If you’d like to attend a free online presentation explaining the concepts of High Probability ETF Trading and introducing the 2 1/2 day Seminar coming in early August, please call 1-888-484-8220 ext. 1 or click here to register today.