TradingMarkets Most Overbought and Oversold ETFs for Thursday

• By David Penn
• On 4:44 pm EDT, Wednesday September 30, 2009

Most Overbought

The following ETFs are the most overbought for Thursday, October 1, 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 Short Treasury Bond Fund (NYSE:SHV - News)
ProShares UltraShort FTSE/Xinhua China 25 ETF (NYSE:FXP - News)
iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSE:TLT - News)
iShares Barclays 7-10 Treasury Bond Fund (NYSE:IEF - News)
ELEMENTS - Rogers International Commodity Index - Agriculture Total Return ETN (NYSE:RJA - News)

Overbought ETF Chart of the Day - ProShares UltraShort FTSE/Xinhua China 25 ETF - FXP

Most Oversold

The following ETFs are the most oversold for Thursday, October 1, 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 FTSE/Xinhua China 25 ETF (NYSE:FXI - News)
PowerShares Financial Preferred Portfolio (NYSE:PGF - News)
iShares MSCI Malaysia Index Fund ETF (NYSE:EWM - News)
iShares Dow Jones U.S. Home Construction Index Fund ETF (NYSE:ITB - News)
iShares MSCI Sweden Index Fund ETF (NYSE:EWD - News)

iShares Dow Jones Transportation Average Index ETF (NYSE:IYT - News)
SPDR S&P Metals & Mining ETF (NYSE:XME - News)
iShares MSCI South Africa Index Fund ETF (NYSE:EZA - News)
iShares iBoxx Investment Grade Corporate Bond ETF (NYSE:LQD - News)

Oversold ETF of the Day - iShares FTSE/Xinhua China 25 ETF - FXI

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