TradingMarkets Most Overbought and Oversold ETFs for Tuesday

• By David Penn
• On 5:28 pm EDT, Monday September 14, 2009

Most Overbought

The following ETFs are the most overbought for Tuesday, September 15, 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.

SPDR KBW Regional Banking ETF (NYSE:KRE - News)

Overbought ETF Chart of the Day - SPDR KBW Regional Banking ETF - KRE

Most Oversold

The following ETFs are the most oversold for Tuesday, September 15, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors' new book, High Probaility ETF Trading.

PowerShares DB Base Metals Fund (NYSE:DBB - News)
ELEMENTS / Rogers International Commodity Index - Total Return ETN (NYSE:RJI - News)
PowerShares DB Commodity Index Tracking ETF (NYSE:DBC - News)
United States Oil Fund ETF (NYSE:USO - News)
iPath S&P Goldman Sachs Crude Oil Trust Index ETN (NYSE:OIL - News)
iShares MSCI Singapore Index ETF (NYSE:EWS - News)

Oversold ETF of the Day - iShares MSCI Singapore Index ETF - EWS

Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate - Click here to learn more.

Buzz up!