The following ETFs are the most overbought for Wednesday, November 4, 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.

There are no overbought ETFs in our database.

Overbought ETF of the Day - None

Most Oversold

The following ETFs are the most oversold for Wednesday, November 4, 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 S&P U.S. Preferred Stock Index Fund ETF (NYSE:PFF - News)
PowerShares Financial Preferred Portfolio ETF (NYSE:PGF - News)
PowerShares Preferred Portfolio ETF (NYSE:PGX - News)
ProShares Ultra Semiconductor ETF (NYSE:USD - News)
Utilities Select Sector SPDRS ETF (NYSE:XLU - News)

Semiconductor HOLDRS ETF (NYSE:SMH - News)
iShares S&P GSTI Semiconductor Index Fund ETF (NYSE:IGW - News)
WisdomTree India Earnings Fund ETF (NYSE:EPI - News)
iShares Barclays Aggregate Bond Fund ETF (NYSE:AGG - News)
Vanguard Total Bond Market ETF (NYSE:BND - News)

iShares Dow Jones U.S. Broker-Dealers Index Fund ETF (NYSE:IAI - News)
iPath MSCI India Index ETN (NYSE:INP - News)
Pharmaceutical HOLDRS ETF (NYSE:PPH - News)
iShares iBoxx Investment Grade Corporate Bond ETF (NYSE:LQD - News)
iShares MSCI Sweden Index Fund ETF (NYSE:EWD - News)

Oversold ETF of the Day - ProShares Ultra Semiconductor ETF - USD

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