Getting Ready for Friday Morning’s Trading 5/31/13
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 | 61.50 |
| Powershares QQQ | QQQ | 68.66 |
| Russell 2000 ETF | IWM | 66.22 |
| S&P GSCI Crude Oil TR Index ETN | OIL | 55.10 |
| SPDR Gold | GLD | 85.44 |
| 20+ Year Trsy Bond Ishares | TLT | 36.54 |
| VIX Short-Term Futures ETN Ipath | VXX | 49.52 |
5 Most Oversold Stocks
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Piedmont Office Realty Trust | PDM | 1.33 | $19.20 |
| Cbl & Associates Properties | CBL | 2.40 | $23.63 |
| Education Realty Trust Inc. | EDR | 2.41 | $10.52 |
| Kimco Realty Corp. | KIM | 3.22 | $22.19 |
| National Retail Properties | NNN | 3.55 | $36.07 |
5 Most Oversold ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| DJ US Real Estate Ishares | IYR | 3.88 | $69.54 |
| REIT Index ETF Vanguard | VNQ | 3.95 | $71.74 |
| Maxis Nikkei 225 Index ETF | NKY | 4.77 | $16.31 |
| US Natural Gas | UNG | 8.06 | $21.52 |
| Tips Bond Ishares | TIP | 9.45 | $116.62 |
5 Most Oversold Leveraged ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| DB Gold Double Short ETN Powersh | DZZ | 14.41 | $6.11 |
| Ultra DJ-UBS Crude Oil Proshares | UCO | 20.20 | $28.68 |
| Financial Bear 3X Direxion | FAZ | 24.60 | $31.61 |
| Ultrapro Short QQQ Proshares | SQQQ | 31.39 | $26.32 |
| Ultrashort QQQ Proshares | QID | 32.16 | $22.31 |
5 Most Overbought Stocks and ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Health Management Associates | HMA | 98.49 | $12.98 |
| Silver Standard Resources Inc | SSRI | 97.28 | $8.14 |
| Memc Electronic Materials | WFR | 96.77 | $8.35 |
| Ncr Corp. | NCR | 95.66 | $33.51 |
| New Oriental Education & Technol | EDU | 94.91 | $22.56 |
Do you want to learn a high-probability trading strategy for ETFs based around the ConnorsRSI momentum oscillator? Click here to learn more.