TradingMarkets Most Overbought and Oversold ETFs for Wednesday

• By David Penn
• On 4:57 pm EDT, Tuesday October 13, 2009

The following ETFs are the most overbought for Wednesday, October 14, 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.

ProShares UltraShort Real Estate ETF (NYSE:SRS - News)
iShares Barclays Short Treasury Bond Fund (NYSE:SHV - News)

Overbought ETF Chart of the Day - ProShares UltraShort Real Estate ETF - SRS

Most Oversold

The following ETFs are the most oversold for Wednesday, October 14, 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 Insurance ETF (NYSE:KIE - News)
PowerShares Financial Preferred Portfolio (NYSE:PGF - News)
Vanguard REIT ETF (NYSE:VNQ - News)
SPDR Dow Jones Wilshire REIT ETF (NYSE:RWR - News)
ProShares Ultra Real Estate ETF (NYSE:URE.TO - News)
iShares Dow Jones U.S. Real Estate Index Fund ETF (NYSE:IYR - News)

Oversold ETF of the Day - SPDR KBW Insurance ETF - KIE

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