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
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