TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, October 5, 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.

ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares UltraShort Basic Materials ETF
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SMN |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares Short Dow 30 ETF
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DOG |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares UltraShort QQQ Trust ETF
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QID |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Real Estate ETF
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SRS |
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ProShares UltraShort Financial ETF
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SKF |
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iShares Barclays 7-10 Treasury Bond Fund
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IEF |
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ProShares UltraShort MSCI Emerging Markets ETF
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EEV |
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Overbought ETF Chart of the Day – ProShares UltraShort Basic Materials – SMN

SMN

Most Oversold

The following ETFs are the most oversold for Monday, October 5, 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 FTSE/Xinhua China 25 ETF
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FXI |
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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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PowerShares Financial Preferred Portfolio
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PGF |
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PowerShares Water Resource Portfolio ETF
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PHO |
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SPDR S&P Metals and Mining ETF
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XME |
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Vanguard Europe Pacific ETF
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VEA |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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Utilities Select Sector SPDRS ETF
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XLU |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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iShares MSCI EAFE Value Index Fund ETF
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EFV |
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iShares MSCI EAFE Index Fund ETF
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EFA |
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iShares MSCI United Kingdom Index Fund ETF
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EWU |
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Vanguard Pacific ETF
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VPL |
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iShares Dow Jones U.S. Energy Sector Index Fund ETF
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IYE |
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Market Vectors Coal ETF
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KOL |
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ProShares UltraShort Oil & Gas ETF
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DIG |
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Energy Select Sector SPDRS ETF
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XLE |
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Industrial Select Sector SPDRS ETF
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XLI |
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iShares Dow Jones U.S. Basic Materials Index Fund ETF
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IYM |
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iShares MSCI EMU Index Fund ETF
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EZU |
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Dow DIAMONDS Trust ETF
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DIA |
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ProShares Ultra Basic Materials ETF
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UYM |
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iShares Nasdaq Biotechnology Index Fund ETF
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IBB |
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Oversold ETF of the Day – iShares Dow Jones U.S. Home Construction Index Fund ETF – ITB

ITB

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