Getting Ready for Thursday Morning’s Trading 5/23/13

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.

Today’s Market Conditions

(Click Symbol for More Details)

Name Symbol ConnorsRSI
SPDR S&P 500 ETF SPY 27.14
Powershares QQQ QQQ 25.33
Russell 2000 ETF IWM 18.29
S&P GSCI Crude Oil TR Index ETN OIL 14.52
SPDR Gold GLD 33.05
20+ Year Trsy Bond Ishares TLT 23.38
VIX Short-Term Futures ETN Ipath VXX 78.96


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Ironwood Pharmaceuticals IRWD 4.44 $12.91
Diamondrock Hospitality Company DRH 5.36 $9.63
Transocean Inc. RIG 5.70 $52.31
Grupo Financiero Santander Mxi BSMX 5.98 $15.60
The Medicines Company MDCO 6.09 $32.53


5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Mexico Investable Mkt Idx MSCI I EWW 2.42 $67.56
FTSE Nareit Mort Plus Cp Idx Ish REM 9.56 $14.56
India Earnings Wisdomtree EPI 10.66 $18.47
Semiconductor ETF Market Vectors SMH 13.89 $38.01
SPDR S&P Homebuilders XHB 14.28 $31.62


5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Ultra DJ-UBS Crude Oil Proshares UCO 14.92 $29.11
Smallcap Bull 3X Direxion TNA 18.05 $48.59
Ultra Russell 2000 Proshares UWM 18.25 $60.92
Ultra 7-10 Year Treasury Proshar UST 20.62 $55.96
Financial Bull 3X Direxion FAS 21.63 $68.25


5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Mannkind Corp. MNKD 99.86 $6.23
Saks Inc. SKS 96.23 $15.50
Supernus Pharmaceuticals Inc. SUPN 96.20 $6.60
Bristol-Myers Squibb Company BMY 91.96 $46.40
Staples SPLS 91.32 $15.17


If you want to learn how to take advantage of short-term oversold S&P 500 stocks using the ConnorsRSI indicator, Click here to pick up you copy of S&P 500 Trading with ConnorsRSI today.