TradingMarkets Most Overbought and Oversold ETFs for Monday

• By David Penn
• On 4:41 pm EST, Friday November 6, 2009

Most Overbought

The following ETFs are the most overbought for Monday, November 9, 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 7-10 Year Treasury Bond Fund (NYSE:IEF - News)

Overbought ETF of the Day - iShares Barclays 7-10 Year Treasury Bond Fund - IEF

Most Oversold

The following ETFs are the most oversold for Monday, November 9, 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 Agriculture Fund ETF (NYSE:DBA - News)
iPath Dow Jones - AIG Commodity Index Total Return ETN (NYSE:DJP - News)
ELEMENTS / Rogers International Commodity Index - Agriculture Total Return ETN (NYSE:RJA - News)
PowerShares DB Commodity Index Tracking ETF (NYSE:DBC - News)
ELEMENTS / Rogers International Commodity Index - Total Return ETN (NYSE:RJI - News)

iShares S&P GSCI Commodity Indexed Trust ETF (NYSE:GSG - News)
iPath S&P Goldman Sachs Crude Oil Trust Index ETN (NYSE:OIL - News)
United States Oil Fund ETF (NYSE:USO - News)
PowerShares DB Oil Fund (NYSE:DBO - News)
PowerShares DB Base Metals Fund (NYSE:DBB - News)

Oversold ETF of the Day - iPath Dow Jones - AIG Commodity Index Total Return ETN - DJP

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