TradingMarkets Most Overbought and Oversold ETFs for Friday

• March 18, 2010
• David Penn

Most Overbought

The following ETFs are the most overbought for Friday, March 19, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!

^DBA^
^DUG^

Overbought ETF of the Day – ProShares UltraShort Oil & Gas ETF – DUG

Most Oversold

The following ETFs are the most oversold for Friday, March 19, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!

^XOP^
^IEO^
^EWZ^
^OIH^
^ILF^

^EEB^
^MOO^
^SLX^

Oversold ETF of the Day – SPDR S&P Oil & Gas Exploration & Production ETF – XOP

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