TradingMarkets Most Overbought and Oversold ETFs for Friday

• By David Penn
• On 5:53 pm EDT, Thursday October 15, 2009

Most Overbought

The following ETFs are the most overbought for Friday, October 16, 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.

DB Gold Double Short ETN (NYSE:DZZ - News)

Overbought ETF Chart of the Day - DB Gold Double Short ETN - DZZ

Most Oversold

The following ETFs are the most oversold for Friday, October 16, 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 Silver Trust ETF (NYSE:SLV - News)
PowerShares Preferred Portfolio ETF (NYSE:PGX - News)
SPDR Gold Trust ETF (NYSE:GLD - News)
DB Gold Double Long ETN (NYSE:DGP - News)
Market Vectors Gold Miners ETF (NYSE:GDX - News)
iShares Barclays Aggregate Bond ETF (NYSE:AGG - News)
iShares iBoxx Investment Grade Corporate Bond ETF (NYSE:LQD - News)
Vanguard Total Bond Market ETF (NYSE:BND - News)

Oversold ETF of the Day - iShares Silver Trust ETF - SLV

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