TradingMarkets Most Overbought and Oversold ETFs for Thursday

Most Overbought

The following ETFs are the most overbought for Thursday, April 8, 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!

^PBW^
^DXD^
^TLT^
^DBA^
^IEF^
^AGG^

Overbought ETF of the Day – ProShares UltraShort Dow 30 ETF – DXD

DXD Chart

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Most Oversold

The following ETFs are the most oversold for Thursday, April 8, 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!

^PFF^
^XLP^
^XLV^
^MOO^
^EZU^

^PGX^
^EWG^
^ITB^
^VGK^
^PPH^

^VEA^
^IEV^
^DDM^
^DIA^
^XHB^

^EFA^
^IYZ^
^VEU^
^EWZ^
^MOO^

Oversold ETF of the Day – iShares S&P U.S. Preferred Stock Index Fund ETF – PFF

PGX Chart

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