Getting Ready for Thursday Morning’s Trading

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

The following securities are the most oversold and overbought according to ConnorsRSI for Thursday’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 22.15
Powershares QQQ QQQ 23.86
Russell 2000 ETF IWM 16.10
S&P GSCI Crude Oil TR Index ETN OIL 18.77
SPDR Gold GLD 2.29
20+ Year Trsy Bond Ishares TLT 63.28
VIX Short-Term Futures ETN Ipath VXX 82.33

 

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5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Turquoise Hill Resources Ltd. TRQ 1.02 $6.88
Silver Standard Resources Inc SSRI 1.13 $10.22
Goldcorp Inc. GG 1.74 $32.37
Sprott Physical Silver Trust ETV PSLV 1.94 $11.21
Vodafone Group Plc VOD 2.48 $24.69

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Junior Gold Miners ETF Market Ve GDXJ 0.75 $15.82
Gold Trust Ishares IAU 2.20 $15.21
SPDR Gold GLD 2.29 $151.44
Silver Trust Ishares SLV 3.08 $27.59
Materials Select Sector SPDR XLB 3.75 $38.08

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultra Silver Proshares AGQ 3.13 $38.44
Gold Miners Bull 3X Direxion NUGT 5.93 $5.60
Smallcap Bull 3X Direxion TNA 16.02 $79.33
Ultra DJ-UBS Crude Oil Proshares UCO 17.66 $30.56
Ultrapro S&P 500 Proshares UPRO 21.53 $104.87

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Celldex Therapeutics Inc CLDX 96.99 $8.91
Sysco Corp. SYY 92.47 $32.53
Texas Roadhouse TXRH 90.93 $18.64
The Wendy’s Company WEN 89.95 $5.59
Merck & Company MRK 89.69 $42.66

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

Click here to learn how to identify the best stock gap setups every single day, including how to select optimal entry levels and where and when to exit your positions.

Learn more about the strength of this gap trading strategy in How to Trade High-Probability Stock Gaps – 2nd Edition.