Most Overbought
The following ETFs are the most overbought for Monday, September 28, 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 Fund ETF (NYSE:TLT - News)
iShares Barclays 7-10 Treasury Bond Fund (NYSE:IEF - News)
ProShares UltraShort QQQ ETF (NYSE:QID - News)
ProShares UltraShort Russell 2000 ETF (NYSE:TWM - News)
ProShares Short S&P 500 ETF (NYSE:SH - News)
ProShares UltraShort S&P 500 ETF (NYSE:SDS - News)
ProShares UltraShort Basic Materials ETF (NYSE:SMN - News)
ProShares UltraShort Dow 30 ETF (NYSE:DXD - News)
ProShares UltraShort FTSE/Xinhua China 25 ETF (NYSE:FXP - News)
DB Gold Double Short ETN (NYSE:DZZ - News)
ProShares Short Dow 30 ETF (NYSE:DOG - News)
ProShares UltraShort Financials ETF (NYSE:SKF - News)
United States Natural Gas Fund ETF (NYSE:UNG - News)
ProShares UltraShort Oil & Gas ETF (NYSE:DUG - News)
ProShares UltraShort Real Estate ETF (NYSE:SRS - News)
PowerShares DB Agriculture Fund ETF (NYSE:DBA - News)
Overbought ETF Chart of the Day - ProShares UltraShort QQQ ETF - QID

Most Oversold
The following ETFs are the most oversold for Monday, September 28, 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.
iShares Dow Jones U.S. Home Construction Index Fund ETF (NYSE:ITB - News)
SPDR Homebuilders ETF (NYSE:XHB - News)
iShares Russell 1000 Growth Index Fund ETF (NYSE:IWF - News)
iShares Dow Jones Transportation Average Index Fund ETF (NYSE:IYT - News)
PowerShares Water Resource Portfolio ETF (NYSE:PHO - News)
Retail HOLDRS ETF (NYSE:RTH - News)
iShares Dow Jones Select Dividend Index Fund ETF (NYSE:DVY - News)
iShares Russell 1000 Index Fund ETF (NYSE:IWB - News)
Utilities Select Sector SPDR ETF (NYSE:XLU - News)
iShares Russell MidCap Growth Index Fund ETF (NYSE:IWP - News)
PowerShares QQQ Trust ETF (NasdaqGM:QQQQ - News)
iShares Russell MidCap Value Index Fund ETF (NYSE:IWS - News)
iShares Russell 3000 Index Fund ETF (NYSE:IWV - News)
Vanguard Growth ETF (NYSE:VUG - News)
ProShares Ultra QQQ Trust ETF (NYSE:QLD - News)
iShares S&P MidCap 400 Index Fund ETF (NYSE:IJH - News)
Consumer Discretionary Select Sector SPDR ETF (NYSE:XLY - News)
SPDRS S&P MidCap Trust Series ETF (NYSE:MDY - News)
iShares Russell 2000 Index Fund ETF (NYSE:IWM - News)
ProShares Ultra MidCap 400 ETF (NYSE:MVV - News)
Market Vectors Agribusiness ETF (NYSE:MOO - News)
iShares Dow Jones U.S. Technology Sector Index Fund ETF (NYSE:IYW - News)
Vanguard Total Stock Market ETF (NYSE:VTI - News)
iShares Russell 1000 Value Index Fund ETF (NYSE:IWD - News)
iShares Russell 2000 Value Index Fund ETF (NYSE:IWN - News)
iShares Russell 2000 Growth Index Fund ETF (NYSE:IWO - News)
ProShares Ultra S&P 500 ETF
Vanguard Small Cap ETF (NYSE:VB - News)
ProShares Ultra Russell 2000 ETF (NYSE:UWM - News)
Oversold ETF of the Day - iShares Russell 1000 Growth Index Fund ETF -IWF

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.
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