TradingMarkets Most Overbought and Oversold ETFs for Monday

  • August 28, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, August 31, 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 1-3 Year Treasury Bond Fund
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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ProShares UltraShort MSCI Emerging Markets ETF
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ProShares UltraShort Russell 2000 ETF
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iShares Barclays 20+ Year Treasury Bond ETF
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Overbought ETF Chart of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP

fxp

Most Oversold

The following ETFs are the most oversold for Monday, August 31, 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 MSCI Hong Kong Index ETF
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PowerShares Golden Dragon Halter USX China Portfolio ETF
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PGJ |
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iShares MSCI Brazil Index ETF
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EWZ |
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iShares FTSE/Xinhua China 25 ETF
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FXI |
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Claymore Bny BRIc ETF
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EEB |
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Market Vectors Coal ETF
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KOL |
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iShares S&P Latin America 40 Index Fund ETF
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ILF |
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Health Care Select Sector SPDRS ETF
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XLV |
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iShares MSCI Emerging Markets Index ETF
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EEM |
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iShares S&P Small Cap 600/Barra Growth Index Fund ETF
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IJT |
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iShares Russell 2000 Growth Index Fund ETF
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IWO |
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Utilities Select Sector SPDRS ETF
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XLU |
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Market Vectors Agribusiness ETF
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MOO |
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Pharmaceutical HOLDRS ETF
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PPH |
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PowerShares Water Resource Portfolio ETF
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PHO |
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Consumer Staples Select Sector SPDRS ETF
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XLP |
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iShares Russell 2000 Index Fund ETF
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IWM |
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ProShares Ultra Russell 2000 ETF
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UWM |
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Oversold ETF of the Day – iShares MSCI Hong Kong Index ETF – EWH

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Join Larry Connors live, Monday at 1 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, e-minis’s and building a full trading plan – along with 4 weeks of live trading.

In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.

If you’d like to attend the presentation, you can register here.

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