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TradingMarkets Most Overbought and Oversold ETFs for Tuesday

By David Penn | TradingMarkets.com | November 23, 2009
Symbols: UNG, LQD, USO, IAI, PGF

Most Overbought


The following ETFs are the most overbought for Tuesday, November 24, 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.


United States Natural Gas Fund ETF ( UNG | Quote | Chart | News | PowerRating)


Overbought ETF of the Day - United States Natural Gas Fund ETF - UNG


UNG


Most Oversold


The following ETFs are the most oversold for Tuesday, November 24, 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 Dow Jones U.S. Broker-Dealer Index Fund ETF ( IAI | Quote | Chart | News | PowerRating)

iShares iBoxx Investment Corporation Bond Fund ETF ( LQD | Quote | Chart | News | PowerRating)

PowerShares Financial Preferred Portfolio ETF ( PGF | Quote | Chart | News | PowerRating)

United States Oil Fund ETF ( USO | Quote | Chart | News | PowerRating)

iPath S&P Goldman Sachs Crude Oil Trust Index ETN ( OIL | Quote | Chart | News | PowerRating)


PowerShares DB Oil Fund ETF ( DBO | Quote | Chart | News | PowerRating)

ELEMENTS / Rogers International Commodity Index - Total Return ETN ( RJI | Quote | Chart | News | PowerRating)

ELEMENTS / Rogers International Commodity Index - Agriculture Total Return ETN ( RJA | Quote | Chart | News | PowerRating)

PowerShares Preferred Porfoltio ETF ( PGX | Quote | Chart | News | PowerRating)

iShares S&P GSCI Commodity Indexed Trust ETF ( GSG | Quote | Chart | News | PowerRating)


Oversold ETF of the Day - iShares Dow Jones U.S. Broker-Dealer Index Fund ETF - IAI


IAI


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Original publication: November 23, 2009