TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, September 16, 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.
ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN
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United States Natural Gas Fund
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Overbought ETF Chart of the Day – ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN – RJA
Most Oversold
The following ETFs are the most oversold for Wednesday, September 16, 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.
Retail HOLDRS ETF
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iShares MSCI Japan Index ETF
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iShares MSCI Singapore Index ETF
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Vanguard Pacific ETF
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iShares Barclays Aggregate Bond ETF
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Oversold ETF of the Day – Retail HOLDRS ETF – RTH
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