TradingMarkets Most Overbought and Oversold ETFs for Thursday

• By David Penn
• On 4:40 pm EST, Wednesday November 4, 2009

Most Overbought

The following ETFs are the most overbought for Thursday, November 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 Financials ETF (NYSE:SKF - News)

Overbought ETF of the Day - ProShares UltraShort Financials ETF - SKF

Most Oversold

The following ETFs are the most oversold for Thursday, November 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 Barclays Aggregate Bond Fund ETF (NYSE:AGG - News)
Vanguard Total Bond Market ETF (NYSE:BND - News)
SPDR Barclays High Yield Bond ETF (NYSE:JNK - News)
iShares Dow Jones U.S. Broker-Dealers Index Fund ETF (NYSE:IAI - News)
SPDR KBW Bank ETF (NYSE:KBE - News)

Regional Bank HOLDRS ETF (NYSE:RKH - News)
iShares Dow Jones U.S. Financial Services ETF (NYSE:IYG - News)
Financial Select Sector SPDRS ETF (NYSE:XLF - News)

Oversold ETF of the Day - SPDR - SPDR Barclays High Yield Bond ETF - JNK

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