TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • March 17, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, March 18, 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!

^IEF^
^TLT^
^DBA^
^SHY^
^PBW^

Overbought ETF of the Day – PowerShares DB Agriculture Fund ETF – DBA

DBA

Most Oversold

The following ETFs are the most oversold for Thursday, March 18, 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^
^IBB^

Oversold ETF of the Day – iShares Nasdaq Biotechnology Index Fund – IBB

IBB

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