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You are here: Home / Analytics / Getting Ready for Morning Trading for Thursday May 16, 2013

Getting Ready for Morning Trading for Thursday May 16, 2013

May 16, 2013 by Joshua Glasgall

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

 

You can find more trading opportunities all day long — if you use live technical indicators … Click here to learn how.

Filed Under: Analytics

About Joshua Glasgall

Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in 2012, Joshua worked in online advertising, market research, and financial journalism.

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