Getting Ready for Friday Morning’s Trading 5/24/13

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 23.88
Powershares QQQ QQQ 25.08
Russell 2000 ETF IWM 43.59
S&P GSCI Crude Oil TR Index ETN OIL 46.80
SPDR Gold GLD 78.29
20+ Year Trsy Bond Ishares TLT 60.98
VIX Short-Term Futures ETN Ipath VXX 81.90


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Symantec Corp. SYMC 3.29 $23.06
Grupo Financiero Santander Mxi BSMX 4.17 $14.97
Ddr Corp DDR 4.85 $18.56
General Growth Properties GGP 4.86 $21.54
Diamondrock Hospitality Company DRH 5.03 $9.45


S&P 500 Low-Volatility Growth Portfolio

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
India Earnings Wisdomtree EPI 5.84 $18.12
Japan Index MSCI Ishares EWJ 10.02 $11.62
REIT Index ETF Vanguard VNQ 10.46 $74.82
Hong Kong Index MSCI Ishares EWH 11.14 $20.40
S&P US Preferred Stock Index Ish PFF 11.68 $40.75


5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Financial Bull 3X Direxion FAS 19.09 $67.06
DB Gold Double Short ETN Powersh DZZ 21.59 $6.28
Ultrapro QQQ Proshares TQQQ 22.11 $72.76
Ultra QQQ Proshares QLD 23.11 $69.21
Direxion Daily S&P 500 Bull 3X S SPXL 23.38 $45.44


5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Mannkind Corp. MNKD 98.60 $6.85
Vivus VVUS 94.09 $14.50
Hewlett-Packard Company HPQ 93.84 $24.86
Triquint Semiconductor TQNT 93.59 $6.67
Ariad Pharmaceuticals ARIA 92.42 $19.44


If you want to learn how to take advantage of short-term oversold S&P 500 stocks using the ConnorsRSI indicator, Click here to pick up you copy of S&P 500 Trading with ConnorsRSI today.