Most Overbought
The following ETFs are the most overbought for Monday, October 5, 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 FTSE/Xinhua China 25 ETF (NYSE:FXP - News)
ProShares UltraShort Oil & Gas ETF (NYSE:DUG - News)
ProShares UltraShort Basic Materials ETF (NYSE:SMN - News)
ProShares UltraShort Dow 30 ETF (NYSE:DXD - News)
ProShares Short Dow 30 ETF (NYSE:DOG - News)
ProShares Short S&P 500 ETF (NYSE:SH - News)
ProShares UltraShort Russell 2000 ETF (NYSE:TWM - News)
ProShares UltraShort QQQ Trust ETF (NYSE:QID - News)
ProShares UltraShort S&P 500 ETF (NYSE:SDS - News)
ProShares UltraShort Real Estate ETF (NYSE:SRS - News)
ProShares UltraShort Financial ETF (NYSE:SKF - News)
iShares Barclays 7-10 Treasury Bond Fund (NYSE:IEF - News)
ProShares UltraShort MSCI Emerging Markets ETF (NYSE:EEV - News)
Overbought ETF Chart of the Day - ProShares UltraShort Basic Materials - SMN

Most Oversold
The following ETFs are the most oversold for Monday, October 5, 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)
iShares Dow Jones U.S. Home Construction Index Fund ETF (NYSE:ITB - News)
iShares iBoxx Investment Grade Corporate Bond ETF (NYSE:LQD - News)
iShares MSCI Sweden Index Fund ETF (NYSE:EWD - News)
PowerShares Financial Preferred Portfolio (NYSE:PGF - News)
PowerShares Water Resource Portfolio ETF (NYSE:PHO - News)
SPDR S&P Metals and Mining ETF (NYSE:XME - News)
Vanguard Europe Pacific ETF (NYSE:VEA - News)
PowerShares Wilderhill Clean Energy Portfolio ETF (NYSE:PBW - News)
Utilities Select Sector SPDRS ETF (NYSE:XLU - News)
iShares Dow Jones Transportation Average Index Fund ETF (NYSE:IYT - News)
iShares MSCI EAFE Value Index Fund ETF (NYSE:EFV - News)
iShares MSCI EAFE Index Fund ETF (NYSE:EFA - News)
iShares MSCI United Kingdom Index Fund ETF (NYSE:EWU - News)
Vanguard Pacific ETF (NYSE:VPL - News)
iShares Dow Jones U.S. Energy Sector Index Fund ETF (NYSE:IYE - News)
Market Vectors Coal ETF (NYSE:KOL - News)
ProShares UltraShort Oil & Gas ETF (NYSE:DIG - News)
Energy Select Sector SPDRS ETF (NYSE:XLE - News)
Industrial Select Sector SPDRS ETF (NYSE:XLI - News)
iShares Dow Jones U.S. Basic Materials Index Fund ETF (NYSE:IYM - News)
iShares MSCI EMU Index Fund ETF (NYSE:EZU - News)
Dow DIAMONDS Trust ETF (NYSE:DIA - News)
ProShares Ultra Basic Materials ETF (NYSE:UYM - News)
iShares Nasdaq Biotechnology Index Fund ETF (NYSE:IBB - News)
Oversold ETF of the Day - iShares Dow Jones U.S. Home Construction Index Fund ETF - ITB

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