TradingMarkets Most Overbought and Oversold ETFs for Friday

  • October 15, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Friday, October 16, 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.

DB Gold Double Short ETN
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DZZ |
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Overbought ETF Chart of the Day – DB Gold Double Short ETN – DZZ

SLV

Most Oversold

The following ETFs are the most oversold for Friday, October 16, 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 Silver Trust ETF
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SLV |
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PowerRating)

PowerShares Preferred Portfolio ETF
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PGX |
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SPDR Gold Trust ETF
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GLD |
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DB Gold Double Long ETN
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DGP |
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Market Vectors Gold Miners ETF
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GDX |
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iShares Barclays Aggregate Bond ETF
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AGG |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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Vanguard Total Bond Market ETF
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BND |
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Oversold ETF of the Day – iShares Silver Trust ETF – SLV

SLV

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