Getting Ready for Monday Morning’s Trading

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

The following securities are the most oversold and overbought according to ConnorsRSI for Monday’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 65.03
Powershares QQQ QQQ 66.14
Russell 2000 ETF IWM 75.98
S&P GSCI Crude Oil TR Index ETN OIL 16.67
SPDR Gold GLD 22.97
20+ Year Trsy Bond Ishares TLT 71.97
VIX Short-Term Futures ETN Ipath VXX 71.99

 

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5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Atlantic Power Corp. AT 3.18 $7.12
Barrick Gold Corp. ABX 8.89 $29.40
Mcdermott International MDR 8.96 $10.70
Iamgold Corp. IAG 10.23 $6.55
Weatherford International Ltd WFT 10.57 $11.47

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
DB Commodity Index Tracking Powe DBC 6.55 $26.94
USD Emrg Mkts Bond Ishares EMB 12.35 $118.25
SPDR S&P Metals & Mining XME 14.68 $39.73
US Oil USO 16.87 $32.74
Junior Gold Miners ETF Market Ve GDXJ 18.33 $15.61

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultra DJ-UBS Crude Oil Proshares UCO 15.95 $28.06
Ultrashort Russell 2000 Proshare TWM 22.22 $21.46
Gold Miners Bull 3X Direxion NUGT 22.85 $5.41
Smallcap Bear 3X Direxion TZA 22.90 $10.51
Ultrashort 20+ Year Treasury Pro TBT 23.28 $64.86

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Illumina ILMN 95.88 $52.22
Campbell Soup Company CPB 95.47 $42.11
Radian Group Inc. RDN 94.27 $9.17
Slm Corp. SLM 94.25 $19.77
Tiffany & Co. TIF 94.16 $69.04

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

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