TradingMarkets Most Overbought and Oversold ETFs for Tuesday

  • October 19, 2009
  • David Penn

Most Overbought

The following ETFs are the most overbought for Tuesday, October 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 Short Treasury Bond ETF
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SHV |
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United States Natural Gas Fund
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UNG |
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iShares Barclays 20+ Year Treasury Bond Fund ETF
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TLT |
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Overbought ETF Chart of the Day – United States Natural Gas Fund – UNG

UNG

Most Oversold

The following ETFs are the most oversold for Tuesday, October 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.

PowerShares Preferred Portfolio ETF
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PGX |
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PowerRating)

PowerShares Financial Preferred Portfolio
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PGF |
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Regional Bank HOLDRS ETF
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RKH |
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iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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iShares Dow Jones U.S. Financial Services Index Fund ETF
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IYG |
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PowerRating)

Oversold ETF of the Day – Regional Bank HOLDRS ETF – RKH

RKH

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