Getting Ready for Thursday Morning’s Trading 5/2/13

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.

(Click Symbol for More Details)

Name Symbol ConnorsRSI
SPDR S&P 500 ETF SPY 24.30
Powershares QQQ QQQ 37.49
Russell 2000 ETF IWM 17.84
S&P GSCI Crude Oil TR Index ETN OIL 17.23
SPDR Gold GLD 27.57
20+ Year Trsy Bond Ishares TLT 81.19
VIX Short-Term Futures ETN Ipath VXX 79.39


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Homeaway Inc. AWAY 4.02 $29.35
Honeywell International Inc. HON 4.99 $72.53
Celldex Therapeutics Inc CLDX 5.77 $12.45
Georgia Gulf Corp. AXLL 5.98 $48.82
Krispy Kreme Doughnuts KKD 6.07 $12.63


5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Alerian MLP Index ETN Jpmorgan AMJ 14.23 $45.98
Alps Alerian MLP ETF AMLP 14.51 $17.57
Healthcare Select Sector SPDR XLV 15.40 $46.83
SPDR S&P Homebuilders XHB 15.75 $29.83
SPDR S&P Regional Banking ETF KRE 16.85 $30.42


5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultrashort 20+ Year Treasury Pro TBT 14.91 $58.49
Ultra Russell 2000 Proshares UWM 17.49 $53.83
Ultra DJ-UBS Crude Oil Proshares UCO 17.56 $27.29
Smallcap Bull 3X Direxion TNA 17.64 $40.47
3X Long Silver ETN Velocityshare USLV 19.97 $10.72


5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
NYSE Euronext NYX 98.64 $39.47
Mueller Water Products MWA 94.50 $6.57
Western Union Company WU 94.19 $15.64
Ncr Corp. NCR 94.13 $29.20
Regeneron Pharmaceuticals REGN 91.29 $237.29

Are you looking to trade high-performing S&P 500 stocks with an optimized balance of growth and safety?

Click here to register for a free webinar with Larry Connors to learn about the most comprehensive data platform for trading the S&P 500 ever offered by Connors Research.