TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, October 8, 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 Short Treasury Bond Fund ETF
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SHV |
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iShares Barclays 7-10 Year Treasury Bond Fund ETF
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IEF |
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PowerShares DB Agriculture Fund ETF
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DBA |
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Overbought ETF Chart of the Day – iShares Barclays 7-10 Treasury Bond Fund ETF – IEF

IEF

Most Oversold

The following ETFs are the most oversold for Thursday, October 8, 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 South Korea Index Fund ETF
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EWY |
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Oversold ETF of the Day – iShares MSCI South Korea Index Fund ETF – EWY

EWY

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