TradingMarkets Most Overbought and Oversold ETFs for Tuesday

Most Overbought

The following ETFs are the most overbought for Tuesday, April 6, 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!

^UNG^
^PBW^

Overbought ETF of the Day – United States Natural Gas Fund ETF – UNG

UNG Chart

Most Oversold

The following ETFs are the most oversold for Tuesday, April 6, 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!

^PGX^
^PFF^
^HYG^
^LQD^
^JNK^
^PPH^

Oversold ETF of the Day – PowerShares Preferred Portfolio ETF – PGX

PGX Chart

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