TradingMarkets Most Overbought and Oversold ETFs for Monday

• By David Penn
• On 4:32 pm EDT, Friday October 30, 2009

Most Overbought

The following ETFs are the most overbought for Monday, November 2, 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 QQQ ETF (NYSE:QID - News)
ProShares UltraShort Oil & Gas ETF (NYSE:DUG - News)
ProShares Ultrashort Russell 2000 Index ETF (NYSE:TWM - News)
ProShares Short QQQ ETF (NYSE:PSQ - News)

SPDR Dow Jones Wilshire REIT ETF (NYSE:RWM - News)
ProShares UltraShort MidCap 400 ETF (NYSE:MZZ - News)
iShares Barclays 7-10 Year Treasury Bond Fund ETF (NYSE:IEF - News)
iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSE:TLT - News)
ProShares Short S&P 500 ETF (NYSE:SH - News)

ProShares UltraShort S&P 500 ETF (NYSE:SDS - News)
ProShares Short Dow 30 Trust ETF (NYSE:DOG - News)
ProShares UltraShort Dow 30 Trust ETF (NYSE:DXD - News)
ProShares UltraShort MSCI Emerging Markets ETF (NYSE:EEV - News)
ProShares UltraShort Financials ETF (NYSE:SKF - News)

Overbought ETF of the Day - ProShares UltraShort FTSE/Xinhua China 25 ETF - FXP

Overbought ETF of the Day - ProShares UltraShort FTSE/Xinhua China 25 ETF - FXP

Most Oversold

The following ETFs are the most oversold for Monday, November 2, 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 MSCI Taiwan Index Fund ETF (NYSE:EWT - News)
iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF (NYSE:IYZ - News)
iShares MSCI Australia Index Fund ETF (NYSE:EWA - News)
Pharmaceutical HOLDRS ETF (NYSE:PPH - News)
WisdomTree India Earnings Fund ETF (NYSE:EPI - News)

iPath MSCI India Index ETN (NYSE:INP - News)
SPDR KBW Regional Banking ETF (NYSE:KRE - News)
iShares MSCI Pacific ex-Japan Index Fund ETF (NYSE:EPP - News)
Utilities Select Sector SPDRS ETF (NYSE:XLU - News)
SPDR Barclays High Yield Bond ETF (NYSE:JNK - News)

ProShares Ultra Russell 2000 Index Fund ETF (NYSE:UWM - News)
iShares S&P SmallCap 600 Index Fund ETF (NYSE:IJR - News)
ProShares Ultra QQQ ETF (NYSE:QLD - News)
iShares Dow Jones Transportation Average Index Fund ETF (NYSE:IYT - News)
iShares Russell 2000 Index Fund ETF (NYSE:IWM - News)

iShares FTSE/Xinhua China 25 ETF (NYSE:FXI - News)
iShares Dow Jones U.S. Broker-Dealers Index Fund ETF (NYSE:IAI - News)
iShares Russell 2000 Growth Index Fund ETF (NYSE:IWO - News)
iShares S&P U.S. Preferred Stock Index Fund ETF (NYSE:PFF - News)
ProShares Ultra Oil & Gas ETF (NYSE:DIG - News)

PowerShares QQQ Trust ETF (NYSE:QQQQ - News)
iShares Russell 2000 Value Index Fund ETF (NYSE:IWN - News)
iShares Dow Jones U.S. Home Construction Index Fund ETF (NYSE:ITB - News)
ProShares Ultra Semiconductor ETF (NYSE:USD - News)
iShares MSCI France Index Fund ETF (NYSE:EWQ - News)

ProShares Ultra MidCap 400 ETF (NYSE:MVV - News)
Oil Service HOLDRS ETF (NYSE:OIH - News)
iShares Dow Jones U.S. Energy Sector Index Fund ETF (NYSE:IYE - News)
iShares S&P Global Energy Sector Index Fund ETF (NYSE:IXC - News)
iShares S&P GSTI Semiconductor Index Fund ETF (NYSE:IGW - News)

Oversold ETF of the Day - iShares MSCI Taiwan Index Fund ETF - EWT

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