We’ll start the 2007 posts off with our US ETF Overbought/Oversold charts.  Below we highlight the sector or index ETFs that are currently above or below their normal trading ranges.  As shown, fixed income ETFs are currently oversold along with biotechs, transports and internet stocks.  The S&P 500 and Dow 30 are both overbought at the moment along with quite a few sectors.