Getting Ready for Friday Morning’s Trading

April 19, 2013
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	20.56
Powershares QQQ	QQQ	18.57
Russell 2000 ETF	IWM	22.31
S&P GSCI Crude Oil TR Index ETN	OIL	70.05
SPDR Gold	GLD	71.58
20+ Year Trsy Bond Ishares	TLT	68.17
VIX Short-Term Futures ETN Ipath	VXX	82.63

5 Most Oversold Stocks

Name	Symbol	ConnorsRSI	Price
Boston Scientific Corp.	BSX	1.22	$7.09
Alexion Pharmaceuticals	ALXN	4.21	$92.02
Flir Systems	FLIR	5.10	$23.73
Pmc – Sierra	PMCS	5.21	$6.16
Northern Trust Corp.	NTRS	5.44	$51.99

5 Most Oversold ETFs

Name	Symbol	ConnorsRSI	Price
Tips Bond Ishares	TIP	7.40	$120.98
Short-Treasury Bond Ishares	SHV	10.02	$110.23
Daily Inverse VIX ST ETN Velocit	XIV	15.07	$19.93
DJ US Home Construction Ishares	ITB	15.58	$21.76
SPDR S&P Homebuilders	XHB	17.28	$28.02

Do you want to learn a high-probability trading strategy for ETFs based around the ConnorsRSI momentum oscillator? Click here for quantified research on how to scale-in to ETFs.

5 Most Oversold Leveraged ETFs

Name	Symbol	ConnorsRSI	Price
3X Inverse Natural Gas ETN Veloc	DGAZ	10.27	$8.38
Ultra QQQ Proshares	QLD	18.21	$58.04
Ultrapro QQQ Proshares	TQQQ	18.24	$55.94
Financial Bull 3X Direxion	FAS	18.97	$51.46
Ultrapro S&P 500 Proshares	UPRO	20.24	$111.26