TradingMarkets Most Overbought and Oversold ETFs for Thursday

  • September 23, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Thursday, September 24, 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 1-3 Year Treasury Bond Fund
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SHY |
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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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United States Natural Gas Fund ETF
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UNG |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares Short S&P 500 ETF
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SH |
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Overbought ETF Chart of the Day – United States Natural Gas Fund ETF – UNG

UNG Chart

Most Oversold

The following ETFs are the most oversold for Thursday, September 24, 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 Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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PowerRating)

SPDR Homebuilders ETF
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XHB |
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iShares MSCI Mexico Index Fund ETF
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EWW |
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iShares Russell 1000 Growth Index Fund ETF
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IWF |
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iShares Dow Jones Select Dividend Index Fund ETF
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DVY |
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Utilities Select Sector SPDR ETF
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XLU |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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iShares Russell 1000 Index Fund ETF
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IWB |
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SPDRs Select Sector Health Care ETF
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XLV |
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PowerShares Water Resource Portfolio ETF
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PHO |
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Consumer Discretionary Select Sector SPDR ETF
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XLY |
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Pharmaceutical HOLDRS ETF
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PPH |
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iShares Russell 3000 Index Fund ETF
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IWV |
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iShares Russell MidCap Value Index Fund ETF
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IWS |
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iShares S&P MidCap 400 Index Fund ETF
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IJH |
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iShares MSCI Taiwan Index Fund ETF
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EWT |
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iShares Nasdaq Biotechnology Index Fund ETF
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IBB |
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SPDR KBW Insurance ETF
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KIE |
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iShares Russell MidCap Index Fund ETF
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IWR |
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iShares S&P 500/Barra Growth Index Fund ETF
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IVW |
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iShares FTSE/Xinhua China 25 Index Fund ETF
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FXI |
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iShares MSCI South Africa Index Fund ETF
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EZA |
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iShares Dow Jones U.S. Energy Sector Index Fund ETF
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IYE |
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ProShares Ultra MidCap 400 ETF
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MVV |
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iShares Russell MidCap Growth Index Fund ETF
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IWP |
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SPDRs S&P MidCap Trust Series ETF
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MDY |
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iShares S&P 500 Index Fund ETF
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IVV |
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United States Oil Fund
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USO |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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Retail HOLDRS ETF
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RTH |
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Oversold ETF of the Day – iShares Dow Jones U.S. Home Construction Index Fund ETF – ITB

ITB Chart

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