TradingMarkets Most Overbought and Oversold ETFs for Friday

  • September 17, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, September 18, 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.

SPDR Lehman 1-3 Month T-Bill ETF
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BIL |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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iShares Barclays 7-10 Year Treasury Bond Fund ETF
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IEF |
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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 Friday, September 18, 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.

Semiconductor HOLDRS ETF
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SMH |
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ProShares Ultra Semiconductor ETF
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USD |
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iShares MSCI Japan Index ETF
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EWJ |
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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Oversold ETF of the Day – Semiconductor HOLDRS ETF – SMH

SMH

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