Getting Ready for Thursday Morning’s Trading May 9, 2013
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Thursday morning.
The following securities are the most oversold and overbought according to ConnorsRSI for Thursday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener.
Today’s Market Conditions
| Name | Symbol | ConnorsRSI |
|---|---|---|
| SPDR S&P 500 ETF | SPY | 84.85 |
| Powershares QQQ | QQQ | 72.24 |
| Russell 2000 ETF | IWM | 78.00 |
| S&P GSCI Crude Oil TR Index ETN | OIL | 72.85 |
| SPDR Gold | GLD | 71.84 |
| 20+ Year Trsy Bond Ishares | TLT | 54.66 |
| VIX Short-Term Futures ETN Ipath | VXX | 62.38 |
5 Most Oversold Stocks
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Infinity Pharmaceuticals | INFI | 1.46 | $32.37 |
| Fusion-Io Inc. | FIO | 6.73 | $14.60 |
| Isis Pharmaceuticals | ISIS | 6.80 | $19.65 |
| Firstenergy Corp. | FE | 7.41 | $43.64 |
| Williams Companies | WMB | 8.19 | $35.60 |
5 Most Oversold ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Short S&P 500 Proshares | SH | 14.19 | $29.30 |
| Short Russell 2000 Proshares | RWM | 21.27 | $20.87 |
| Utilities Select Sector SPDR | XLU | 28.58 | $40.35 |
| S&P 500 Low Volatility Powershar | SPLV | 35.07 | $32.13 |
| Daily Inverse VIX ST ETN Velocit | XIV | 39.20 | $23.62 |
5 Most Oversold Leveraged ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Financial Bear 3X Direxion | FAZ | 12.60 | $35.00 |
| Ultrapro Short S&P 500 Proshares | SPXU | 14.61 | $24.00 |
| Direxion Daily S&P 500 Bear 3X S | SPXS | 15.39 | $10.68 |
| Ultrashort S&P 500 Proshares | SDS | 15.78 | $40.16 |
| Ultrashort Russell 2000 Proshare | TWM | 21.73 | $18.58 |
5 Most Overbought Stocks and ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Whole Foods Market | WFM | 99.40 | $102.19 |
| Electronic Arts Inc. | EA | 98.25 | $21.56 |
| Mckesson Corp. | MCK | 97.98 | $116.11 |
| Accuray Incorporated | ARAY | 97.58 | $5.04 |
| Teck Resources Ltd | TCK | 97.34 | $29.24 |
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