TradingMarkets Most Overbought and Oversold ETFs for Monday

• By David Penn
• On 6:03 pm EDT, Friday October 16, 2009

Most Overbought

The following ETFs are the most overbought for Monday, October 19, 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 Real Estate ETF (NYSE:SRS - News)
United States Natural Gas Fund (NYSE:UNG - News)
ProShares UltraShort Financial ETF (NYSE:SKF - News)

Overbought ETF Chart of the Day - ProShares UltraShort Real Estate ETF - SRS

Most Oversold

The following ETFs are the most oversold for Monday, October 19, 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)
iShares MSCI Japan Index Fund ETF (NYSE:EWJ - News)
ProShares Ultra Semiconductor ETF (NYSE:USD - News)
Semiconductor HOLDRS ETF (NYSE:SMH - News)
iShares S&P GSTI Semiconductor Index Fund ETF (NYSE:IGW - News)

iShares S&P U.S. Preferred Stock Index Fund ETF (NYSE:PFF - News)
PowerShares Financial Preferred Portfolio (NYSE:PGF - News)
PowerShares Water Resource Portfolio (NYSE:PHO - News)
iShares MSCI South Korea Index Fund ETF (NYSE:EWY - News)
iShares Dow Jones U.S. Real Estate Index Fund ETF (NYSE:IYR - News)

iShares Barclays Aggregate Bond ETF (NYSE:AGG - News)
SPDR KBW Regional Banking ETF (NYSE:KRE - News)
Vanguard REIT ETF (NYSE:VNQ - News)
PowerShares Wilderhill Clean Energy Portfolio ETF (NYSE:PBW - News)
Regional Bank HOLDRS ETF (NYSE:RKH - News)

ProShares Ultra Real Estate ETF (NYSE:URE.TO - News)
iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF (NYSE:IYZ - News)
ProShares Ultra Financials ETF (NYSE:UYG - News)
iShares Dow Jones U.S. Financial Services Index Fund ETF (NYSE:IYG - News)
Financial Select Sector SPDRS ETF (NYSE:XLF - News)

iShares Dow Jones U.S. Financial Sector Index Fund (NYSE:IYF - News)
iShares Cohen & Steers Realty Majors Index Fund ETF (NYSE:ICF - News)

Oversold ETF of the Day - iShares MSCI Japan Index Fund ETF - EWJ

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