TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, January 11, 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 – now in paperback!

^SHY^

Overbought ETF of the Day – iShares Barclays 1-3 Year Treasury Bond Fund ETF – SHY

SHY

Most Oversold

The following ETFs are the most oversold for Monday, January 11, 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 – now in paperback!

^XLP^
^IYZ^
^XLU^

Oversold ETF of the Day – Consumer Select Sector SPDRS ETF – XLP

XLP

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