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You are here: Home / Analytics / Getting Ready for Friday Morning’s Trading 5/31/13

Getting Ready for Friday Morning’s Trading 5/31/13

May 31, 2013 by Joshua Glasgall

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

 

Swing Trading College 2013

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.

Filed Under: Analytics

About Joshua Glasgall

Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in 2012, Joshua worked in online advertising, market research, and financial journalism.

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