TradingMarkets Most Overbought and Oversold ETFs for Monday

  • September 11, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, September 14, 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 Barclays 7-10 Year Treasury Bond Fund ETF
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IEF |
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SPDR KBW Regional Banking ETF
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KRE |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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Overbought ETF Chart of the Day – iShares Barclays 7-10 Treasury Bond Fund ETF – IEF

IEF

Most Oversold

The following ETFs are the most oversold for Monday, September 14, 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 – Total Return ETN
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RJI |
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Chart |
News |
PowerRating)

United States Oil Fund ETF
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USO |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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PowerShares DB Oil Fund
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DBO |
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Oversold ETF of the Day – ELEMENTS / Rogers International Commodity Index – Total Return ETN, RJI

RJI

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