TradingMarkets Most Overbought and Oversold ETFs for Thursday
Most Overbought
The following ETFs are the most overbought for Thursday, October 1, 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
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SHV |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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iShares Barclays 7-10 Treasury Bond Fund
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IEF |
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ELEMENTS – Rogers International Commodity Index – Agriculture Total Return ETN
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RJA |
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Overbought ETF Chart of the Day – ProShares UltraShort FTSE/Xinhua China 25 ETF – FXP
Most Oversold
The following ETFs are the most oversold for Thursday, October 1, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probaility ETF Trading.
iShares FTSE/Xinhua China 25 ETF
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FXI |
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PowerShares Financial Preferred Portfolio
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PGF |
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iShares MSCI Malaysia Index Fund ETF
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EWM |
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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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iShares MSCI Sweden Index Fund ETF
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EWD |
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iShares Dow Jones Transportation Average Index ETF
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IYT |
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SPDR S&P Metals & Mining ETF
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XME |
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iShares MSCI South Africa Index Fund ETF
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EZA |
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iShares iBoxx Investment Grade Corporate Bond ETF
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LQD |
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Oversold ETF of the Day – iShares FTSE/Xinhua China 25 ETF – FXI
