TradingMarkets Most Overbought and Oversold ETFs for Thursday

• November 4, 2009
• David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, November 5, 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.

ProShares UltraShort Financials ETF
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SKF |
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Overbought ETF of the Day – ProShares UltraShort Financials ETF – SKF

Most Oversold

The following ETFs are the most oversold for Thursday, November 5, 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 Aggregate Bond Fund ETF
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AGG |
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PowerRating)

Vanguard Total Bond Market ETF
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BND |
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PowerRating)

SPDR Barclays High Yield Bond ETF
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JNK |
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News |
PowerRating)

iShares Dow Jones U.S. Broker-Dealers Index Fund ETF
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IAI |
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PowerRating)

SPDR KBW Bank ETF
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KBE |
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PowerRating)

Regional Bank HOLDRS ETF
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RKH |
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iShares Dow Jones U.S. Financial Services ETF
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IYG |
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PowerRating)

Financial Select Sector SPDRS ETF
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XLF |
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News |
PowerRating)

Oversold ETF of the Day – SPDR – SPDR Barclays High Yield Bond ETF – JNK

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