Getting Ready for Friday Morning’s Trading

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Friday morning.

The following securities are the most oversold and overbought according to ConnorsRSI for Friday’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

(Click Symbol for More Details)

Name Symbol ConnorsRSI
SPDR S&P 500 ETF SPY 19.00
Powershares QQQ QQQ 18.21
Russell 2000 ETF IWM 14.11
S&P GSCI Crude Oil TR Index ETN OIL 12.55
SPDR Gold GLD 67.39
20+ Year Trsy Bond Ishares TLT 77.37
VIX Short-Term Futures ETN Ipath VXX 78.85

 

Click here to learn about the latest high-performing Alpha Club Strategy from Connors Research: The VXX Day Trading Strategy.

This strategy will only be available until the end of February before it’s taken off the market for at least one full year. Register now to learn more before it’s too late!


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Extra Space Storage Inc EXR 1.67 $37.82
Intermune ITMN 2.51 $8.57
Och-Ziff Capital Management OZM 2.66 $8.83
Liberty Global LBTYA 2.74 $63.39
Dean Foods Company DF 3.34 $15.84

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
DB Commodity Index Tracking Powe DBC 3.83 $27.60
Materials Select Sector SPDR XLB 7.41 $37.73
Hong Kong Index MSCI Ishares EWH 8.66 $19.79
FTSE China 25 Index Fund Ishares FXI 8.77 $38.51
Brazil Index MSCI Ishares EWZ 10.36 $54.25

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultra DJ-UBS Crude Oil Proshares UCO 12.58 $29.28
Smallcap Bull 3X Direxion TNA 14.09 $76.95
Ultra QQQ Proshares QLD 17.77 $56.95
Ultrapro QQQ Proshares TQQQ 18.14 $54.45
Ultrapro S&P 500 Proshares UPRO 18.64 $103.04

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Synopsys SNPS 96.97 $35.76
Celldex Therapeutics Inc CLDX 96.45 $9.20
Colgate-Palmolive Company CL 91.91 $113.09
J.C. Penney Company Inc. Holding JCP 89.48 $21.55
Capitalsource Inc CSE 89.31 $8.68

“If I could only trade one strategy, it would be early morning gaps.” — Kevin Haggerty, Former Head of Trading Fidelity Capital Markets

Click here to learn more about the updated version of our core gap trading strategy in our latest release: How to Trade High-Probability Stock Gaps – 2nd Edition.

Inside you’ll find dozens of short-term setups which have shown a win percentage of over 68% throughout the quantified historical test results.