TradingMarkets Most Overbought and Oversold ETFs for Monday

  • April 9, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Monday, April 12, 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!

^EWP^
^TLT^
^FXE^

^BND^
^SHV^
^IEF^

Overbought ETF of the Day – iShares MSCI Spain Index Fund ETF – EWP

EWP Chart

Most Oversold

The following ETFs are the most oversold for Monday, April 12, 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!

^UUP^
^OIL^
^USO^
^GSG^

Oversold ETF of the Day – PowerShares DB U.S. Dollar Index Bullish ETF – UUP

UUP Chart

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