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


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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.