TradingMarkets Most Overbought and Oversold ETFs for Wednesday
Most Overbought
The following ETFs are the most overbought for Wednesday, August 26, 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 ETF
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TLT |
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iShares Barclays 7-10 Treasury Bond ETF
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IEF |
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Overbought ETF Chart of the Day – iShares Barclays 20+ Year Treasury Bond ETF – TLT
Most Oversold
The following ETFs are the most oversold for Wednesday, August 26, 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 DB Oil Fund ETF
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PowerShares DB Commodity Index Tracking ETF
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DBC |
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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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PowerShares Wilderhill Clean Energy Portfolio ETF
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PBW |
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Oversold ETF of the Day – PowerShares DB Oil Fund ETF – DBO
Join Larry Connors live, Wednesday at 4:30 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, e-minis’s and building a full trading plan – along with 4 weeks of live trading.
In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.
If you’d like to attend the presentation, you can register here.
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