TradingMarkets Most Overbought and Oversold ETFs for Monday

  • November 13, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, November 16, 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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iShares Barclays 20+ Year Treasury Bond Fund ETF
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Overbought ETF of the Day – ProShares UltraShort Oil & Gas ETF – DUG

DUG

Most Oversold

The following ETFs are the most oversold for Monday, November 16, 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.

SPDR KBW Bank ETF
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SPDR S&P Oil & Gas Exploration & Production ETF
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XOP |
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PowerShares Preferred Portfolio ETF
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Oversold ETF of the Day – SPDR S&P Oil & Gas Exploration & Production ETF – XOP

XOP

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