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 | 66.24 |
| Powershares QQQ | QQQ | 40.43 |
| Russell 2000 ETF | IWM | 68.40 |
| S&P GSCI Crude Oil TR Index ETN | OIL | 57.13 |
| SPDR Gold | GLD | 67.76 |
| 20+ Year Trsy Bond Ishares | TLT | 70.72 |
| VIX Short-Term Futures ETN Ipath | VXX | 37.31 |
5 Most Oversold Stocks
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Elan Corporation Plc | ELN | 4.89 | $9.40 |
| Hologic | HOLX | 5.26 | $22.18 |
| National-Oilwell | NOV | 6.42 | $66.57 |
| The Wendy’s Company | WEN | 8.09 | $5.05 |
| Melco Crown Entertainment Limite | MPEL | 8.20 | $19.42 |
Learn the essential skills you need to succeed in your swing trading by attending the upcoming 2013 Swing Trading College. Click here to find out more about the quantified research, strategies, and techniques you’ll learn in a live webinar with Larry Connors.
5 Most Oversold ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| FTSE China 25 Index Fund Ishares | FXI | 19.39 | $40.46 |
| Alps Alerian MLP ETF | AMLP | 21.78 | $17.18 |
| Malaysia Index MSCI Ishares | EWM | 22.07 | $14.32 |
| Germany Index MSCI Ishares | EWG | 24.62 | $25.05 |
| Alerian MLP Index ETN Jpmorgan | AMJ | 25.49 | $42.89 |
5 Most Oversold Leveraged ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Ultrashort 20+ Year Treasury Pro | TBT | 28.61 | $67.48 |
| Financial Bear 3X Direxion | FAZ | 29.05 | $11.97 |
| Smallcap Bear 3X Direxion | TZA | 31.09 | $10.76 |
| Ultrashort S&P 500 Proshares | SDS | 32.61 | $47.87 |
| Direxion Daily S&P 500 Bear 3X S | SPXS | 32.62 | $14.01 |
5 Most Overbought Stocks and ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Sk Telecom Corporation | SKM | 96.54 | $18.45 |
| Fifth & Pacific Cos. Inc | FNP | 95.57 | $16.65 |
| First Solar | FSLR | 94.81 | $31.13 |
| NYSE Euronext | NYX | 93.83 | $35.59 |
| Cummins Inc. | CMI | 93.70 | $120.38 |
Introducing: Trading Leveraged ETFs with ConnorsRSI
Click here to learn how to start applying the ConnorsRSI momentum oscillator to your Leveraged ETF trading in Trading Leveraged ETFs with ConnorsRSI – a quantified, historically back-tested strategy guidebook.