TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, October 19, 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 Real Estate ETF
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SRS |
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United States Natural Gas Fund
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UNG |
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ProShares UltraShort Financial ETF
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SKF |
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Overbought ETF Chart of the Day – ProShares UltraShort Real Estate ETF – SRS

SRS

Most Oversold

The following ETFs are the most oversold for Monday, October 19, 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 Preferred Portfolio ETF
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PGX |
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iShares MSCI Japan Index Fund ETF
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EWJ |
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ProShares Ultra Semiconductor ETF
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USD |
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Semiconductor HOLDRS ETF
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SMH |
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iShares S&P GSTI Semiconductor Index Fund ETF
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IGW |
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iShares S&P U.S. Preferred Stock Index Fund ETF
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PFF |
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PowerShares Financial Preferred Portfolio
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PGF |
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PowerShares Water Resource Portfolio
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PHO |
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iShares MSCI South Korea Index Fund ETF
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EWY |
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iShares Dow Jones U.S. Real Estate Index Fund ETF
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IYR |
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iShares Barclays Aggregate Bond ETF
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AGG |
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SPDR KBW Regional Banking ETF
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KRE |
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Vanguard REIT ETF
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VNQ |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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Regional Bank HOLDRS ETF
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RKH |
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ProShares Ultra Real Estate ETF
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URE |
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iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF
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IYZ |
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ProShares Ultra Financials ETF
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UYG |
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iShares Dow Jones U.S. Financial Services Index Fund ETF
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IYG |
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Financial Select Sector SPDRS ETF
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XLF |
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iShares Dow Jones U.S. Financial Sector Index Fund
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IYF |
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iShares Cohen & Steers Realty Majors Index Fund ETF
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ICF |
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PowerRating)

Oversold ETF of the Day – iShares MSCI Japan Index Fund ETF – EWJ

EWJ

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