TradingMarkets Most Overbought and Oversold ETFs for Monday

  • November 6, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, November 9, 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
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IEF

Overbought ETF of the Day – iShares Barclays 7-10 Year Treasury Bond Fund – IEF

Most Oversold

The following ETFs are the most oversold for Monday, November 9, 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 DB Agriculture Fund ETF
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iPath Dow Jones – AIG Commodity Index Total Return ETN
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ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN
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PowerShares DB Commodity Index Tracking ETF
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ELEMENTS / Rogers International Commodity Index – Total Return ETN
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iShares S&P GSCI Commodity Indexed Trust ETF
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN [OILOIL]

United States Oil Fund ETF
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PowerShares DB Oil Fund
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PowerShares DB Base Metals Fund
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Oversold ETF of the Day – iPath Dow Jones – AIG Commodity Index Total Return ETN – DJP

DJP

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