TradingMarkets Most Overbought and Oversold ETFs for Wednesday

  • January 5, 2010
  • David Penn

Most Overbought

The following ETFs are the most overbought for Wednesday, January 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 available in paperback.

^SHY^
^IEF^
^TLT^
^SRS^

Overbought ETF of the Day – iShares Barclays 1-3 Year Treasury Bond Fund ETF – SHY

SHY

Most Oversold

The following ETFs are the most oversold for Wednesday, January 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 available in paperback.

^RWR^
^VNQ^
^XLU^

Oversold ETF of the Day – Dow Jones Wilshire REIT SPDRS ETF – RWR

RWR

With over 4,000 copies already sold, it’s easy to see why traders are gravitating toward Larry Connors’ latest book – Click Here for the softcover edition.