TradingMarkets Most Overbought and Oversold ETFs for Wednesday

Most Overbought

The following ETFs are the most overbought for Wednesday, November 25, 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 20+ Year Treasury Bond Fund ETF
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iShares Barclays 7-10 Year Treasury Bond Fund ETF
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IEF |
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ProShares UltraShort Real Estate ETF
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SRS |
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Overbought ETF of the Day – iShares Barclays 20+ Year Treasury Bond Fund ETF – TLT

TLT Chart

Most Oversold

The following ETFs are the most oversold for Wednesday, November 25, 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 Dow Jones U.S. Broker-Dealer Index Fund ETF
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United States Oil Fund ETF
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USO |
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iPath S&P Goldman Sachs Crude Oil Trust Index ETN
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OIL |
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ELEMENTS / Rogers International Commodity Index – Agriculture Total Return ETN
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RJA |
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ELEMENTS / Rogers International Commodity Index – Total Return ETN
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RJI |
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PowerShares DB Oil Fund ETF
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iShares S&P GSCI Commodity Indexed Trust ETF
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GSG |
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iPath Dow Jones – AIG Commodity Index Total Return ETN
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DJP |
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PowerShares DB Agriculture Fund ETF
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PowerShares DB Commodity Index Tracking ETF
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SPDR S&P Retail ETF
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XRT |
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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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iShares Cohen & Steers Realty Majors Index Fund ETF ICF|ICF]

iShares Dow Jones U.S. Home Construction Index Fund ETF
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Oversold ETF of the Day – United States Oil Fund ETF – USO

USO Chart

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