Most Overbought
The following ETFs are the most overbought for Tuesday, October 20, 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 ETF (NYSE:SHV - News)
United States Natural Gas Fund (NYSE:UNG - News)
iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSE:TLT - News)
Overbought ETF Chart of the Day - United States Natural Gas Fund - UNG
Most Oversold
The following ETFs are the most oversold for Tuesday, October 20, 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 Preferred Portfolio ETF (NYSE:PGX - News)
PowerShares Financial Preferred Portfolio (NYSE:PGF - News)
Regional Bank HOLDRS ETF (NYSE:RKH - News)
iShares Dow Jones U.S. Home Construction Index Fund ETF (NYSE:ITB - News)
iShares Dow Jones U.S. Financial Services Index Fund ETF (NYSE:IYG - News)
Oversold ETF of the Day - Regional Bank HOLDRS ETF - RKH
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