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.