TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, January 4, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

^SDS^
^DXD^
^SH^
^SMN^
^SRS^

^DUG^
^TWM^

Overbought ETF of the Day – ProShares UltraShort S&P 500 ETF – SDS

SDS

Most Oversold

The following ETFs are the most oversold for Monday, January 4, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

^IVE^
^EWW^
^XLU^
^IJH^
^PPH^

^IEO^
^IVV^
^IWS^
^XRT^
^IYT^

^XLV^
^XHB^
^VTV^
^IWR^
^RTH^

^XOP^
^MDY^
^XLI^
^IWV^
^IWD^

^IWB^
^VIG^
^ICF^
^DDM^
^RSP^

Oversold ETF of the Day – iShares S&P 500/Barra Value Index Fund ETF – IVE

IVE

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