TradingMarkets Most Overbought and Oversold ETFs for Monday

  • October 9, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, October 12, 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.

ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN
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RJA |
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Overbought ETF Chart of the Day – ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN – RJA

RJA

Most Oversold

The following ETFs are the most oversold for Monday, October 12, 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.

Vanguard Total Bond Market ETF
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BND |
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iShares iBoxx Investment Grade Corporate Bond Fund ETF
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LQD |
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iShares Barclays Aggregate Bond Fund ETF
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AGG |
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iShares Barclays TIPS Bond Fund ETF
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TIP |
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iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF
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IYZ |
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PowerShares Preferred Portfolio ETF
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PGX |
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Oversold ETF of the Day – iShares iBoxx Investment Grade Corporate Bond Fund ETF – LQD

LQD

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