TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, August 20, 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 ETF
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SHY |
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iShares Barclays 20+ Year Treasury Bond ETF
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TLT |
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iShares Barclays 7-10 Year Treasury Bond ETF
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IEF |
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ProShares UltraShort Real Estate ETF
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SRS |
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Overbought ETF Chart of the Day – Shares Barclays 20+ Year Treasury Bond ETF – TLT

SHY

Most Oversold

The following ETFs are the most oversold for Thursday, August 20, 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 Silver Trust ETF
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SLV |
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PowerShares DB Base Metals ETF
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DBB |
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Vanguard REIT ETF
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VNQ |
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iShares MSCI Malaysia Index ETF
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EWM |
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SPDR Dow Jones Wilshire REIT ETF
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RWR |
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ProShares Ultra Real Estate ETF
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URE |
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iShares Cohen & Steers Realty Major Index ETF
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ICF |
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iShares MSCI Taiwan Index ETF
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EWT |
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iShares Dow Jones U.S. Real Estate Index ETF
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IYR |
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Oversold ETF of the Day – iShares Silver Trust ETF – SLV

SLV

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Want updates on our latest articles? Have something to say to David Penn or the staff at TradingMarkets? Follow David on Twitter at @Penn_TM and TradingMarkets at @Trading_Markets. You can also join the discussion on Facebook by logging onto our fanpage.