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TradingMarkets Most Overbought and Oversold ETFs for Monday

By David Penn | TradingMarkets.com

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Most Overbought

The following ETFs are the most overbought for Monday, July 6, 2009 and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

Overbought ETF Chart of the Day - ProShares UltraShort Oil & Gas ETF - DUG

XLB

Most Oversold

The following ETFs are the most oversold for Monday, July 6, 2009, and are due for a short term reversal. This analysis is based on research published in the book, High Probability ETF Trading, now available for order.

Vanguard Growth ETF (VUG | Quote | Chart | News | PowerRating)

Oversold ETF of the Day - Materials Select Sector SPDRS ETF - XLB

XLB

Read more about how overbought and oversold ETFs can be quantified. High Probability ETF Trading is a new book that gives investors and traders quantified strategies that have up to a 90% accuracy rate - Click here to learn more..

>> See more articles by David Penn

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