Getting Ready for Monday Morning’s Trading 9/9/13

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning’s trading.

Do you know how to get the most out of the ConnorsRSI indicator?

Click here here to join Larry Connors for a free webinar to learn how!

The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s trading.  

This Watchlist was created using the TradingMarkets Screener.

Current Market Conditions

(Click Symbol for More Details)

Name Symbol ConnorsRSI
SPDR S&P 500 ETF SPY 71.69
Powershares QQQ QQQ 71.51
SPDR DOW 30 ETF DIA 43.76
Russell 2000 ETF IWM 71.22
S&P GSCI Crude Oil TR OIL 83.07
SPDR Gold GLD 69.94
20+ Year Trsy Bond Ish TLT 62.50
VIX Short-Term Futures VXX 60.32

High Probability Trading with Multiple Up & Down Days

5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Potomac Electric Power Company POM 7.42 $18.13
Conn’s CONN 8.85 $53.19
Sally Beauty Holdings SBH 10.82 $25.50
H&R Block HRB 11.57 $26.91
Centurylink CTL 12.84 $31.90

 

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
US Natural Gas UNG 21.05 $18.54
Short S&P 500 Proshares SH 27.24 $28.51
DB US Dollar Index Bullish Power UUP 29.35 $22.20
Short Russell 2000 Proshares RWM 31.49 $19.35
SPDR S&P Retail XRT 33.90 $78.75

 

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultrashort DJ-UBS Crude Oil Pros SCO 19.37 $26.75
Ultrapro Short QQQ Proshares SQQQ 26.29 $22.43
Ultrashort QQQ Proshares QID 27.12 $20.15
Ultrashort S&P 500 Proshares SDS 27.39 $37.92
Direxion Daily S&P 500 Bear 3X S SPXS 27.91 $48.50

 

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Quiksilver ZQK 97.23 $6.85
Banco Bradesco Sa BBD 96.35 $12.58
Itau Unibanco Banco Holding Sa ITUB 96.01 $13.09
Brazil Index MSCI Ishares EWZ 95.88 $45.29
Ariad Pharmaceuticals ARIA 95.82 $22.31

Click here to learn how to find high probability trades using ConnorsRSI and the TradingMarkets Screener!