TradingMarkets Most Overbought and Oversold ETFs for Monday

• By David Penn
• On 5:52 pm EDT, Friday September 11, 2009

Most Overbought

The following ETFs are the most overbought for Monday, September 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.

iShares Barclays 7-10 Year Treasury Bond Fund ETF (NYSE:IEF - News)
SPDR KBW Regional Banking ETF (NYSE:KRE - News)
iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSE:TLT - News)

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

Most Oversold

The following ETFs are the most oversold for Monday, September 14, 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.

ELEMENTS / Rogers International Commodity Index - Total Return ETN (NYSE:RJI - News)
United States Oil Fund ETF (NYSE:USO - News)
iPath S&P Goldman Sachs Crude Oil Trust Index ETN (NYSE:OIL - News)
PowerShares DB Oil Fund (NYSE:DBO - News)

Oversold ETF of the Day - ELEMENTS / Rogers International Commodity Index - Total Return ETN, RJI

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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