TradingMarkets Most Overbought and Oversold ETFs for Friday
Most Overbought
The following ETFs are the most overbought for Friday, August 28, 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 1-3 Year Treasury Bond Fund
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SHY |
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Overbought ETF Chart of the Day – iShares Barclays 1-3 Year Treasury Bond Fund – SHY
Most Oversold
The following ETFs are the most oversold for Friday, August 28, 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.
PowerShares Financial Preferred Portfolio ETF
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PGF |
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PowerShares Preferred Portfolio ETF
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PGX |
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Market Vectors Coal ETF
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KOL |
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iShares MSCI Hong Kong Index ETF
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EWH |
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iShares S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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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 Portfolio ETF
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PBW |
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iShares S&P Latin America 40 Index Fund ETF
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ILF |
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PowerShares DB Base Metals Fund
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DBB |
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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 – PowerShares Financial Preferred Portfolio – PGF
Join Larry Connors live, Wednesday at 4:30 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, E-minis and building a full trading plan – along with 4 weeks of live trading.
In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.
If you’d like to attend the presentation, you can register here.
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