Getting Ready for Morning Trading for Thursday May 16, 2013
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
| Name | Symbol | ConnorsRSI |
|---|---|---|
| SPDR S&P 500 ETF | SPY | 84.35 |
| Powershares QQQ | QQQ | 81.12 |
| Russell 2000 ETF | IWM | 70.32 |
| S&P GSCI Crude Oil TR Index ETN | OIL | 54.09 |
| SPDR Gold | GLD | 4.36 |
| 20+ Year Trsy Bond Ishares | TLT | 64.96 |
| VIX Short-Term Futures ETN Ipath | VXX | 67.02 |
5 Most Oversold Stocks
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Allied Nevada Gold Corp | ANV | 2.98 | $7.82 |
| Central Fund Of Canada | CEF | 3.27 | $15.60 |
| First Majestic Silver | AG | 3.73 | $10.24 |
| New Gold Inc. | NGD | 3.98 | $6.49 |
| Mcdermott International | MDR | 4.46 | $8.77 |
5 Most Oversold ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Preferred Portfolio Powershares | PGX | 2.91 | $14.91 |
| Gold Trust Ishares | IAU | 4.29 | $13.54 |
| SPDR Gold | GLD | 4.36 | $134.63 |
| Gold Miners ETF Market Vectors | GDX | 5.92 | $27.40 |
| Silver Trust Ishares | SLV | 7.16 | $21.76 |
5 Most Oversold Leveraged ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Gold Miners Bull 3X Direxion | NUGT | 6.08 | $9.31 |
| 3X Long Silver ETN Velocityshare | USLV | 7.04 | $9.13 |
| Ultra Silver Proshares | AGQ | 10.25 | $22.92 |
| Financial Bear 3X Direxion | FAZ | 13.79 | $32.52 |
| Direxion Daily S&P 500 Bear 3X S | SPXS | 14.43 | $10.13 |
5 Most Overbought Stocks and ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Bristol-Myers Squibb Company | BMY | 98.46 | $44.34 |
| Boston Scientific Corp. | BSX | 98.41 | $9.10 |
| Red Hat | RHT | 98.04 | $54.16 |
| Akamai Technologies | AKAM | 97.16 | $48.03 |
| DB Gold Double Short ETN Powersh | DZZ | 96.27 | $6.28 |
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