Getting Ready for Tuesday Morning’s Trading 5/7/13

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Tuesday morning.

The following securities are the most oversold and overbought according to ConnorsRSI for Tuesday’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 74.05
Powershares QQQ QQQ 80.06
Russell 2000 ETF IWM 76.51
S&P GSCI Crude Oil TR Index ETN OIL 72.54
SPDR Gold GLD 65.88
20+ Year Trsy Bond Ishares TLT 21.10
VIX Short-Term Futures ETN Ipath VXX 26.79


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Groupon Inc GRPN 1.96 $5.46
Duke Energy Corp. DUK 2.95 $72.90
Ppl Corp. PPL 4.05 $31.98
Exelon Corp. EXC 4.11 $35.25
Public Service Enterprise Group PEG 4.55 $35.43


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5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Utilities Select Sector SPDR XLU 5.69 $40.32
Short Russell 2000 Proshares RWM 20.80 $21.10
20+ Year Trsy Bond Ishares TLT 21.10 $120.63
Iboxx $ Invest Grade Corp Bond I LQD 22.69 $121.14
S&P 500 Low Volatility Powershar SPLV 22.78 $31.96


5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Financial Bear 3X Direxion FAZ 17.06 $36.42
Ultrashort QQQ Proshares QID 19.80 $23.30
Ultrapro Short QQQ Proshares SQQQ 20.21 $28.12
Smallcap Bear 3X Direxion TZA 21.47 $34.62
Ultrashort Russell 2000 Proshare TWM 21.57 $18.97


5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Och-Ziff Capital Management OZM 97.50 $11.42
Mueller Water Products MWA 97.27 $7.24
Neutral Tandem IQNT 96.58 $5.37
Level 3 Communications LVLT 96.39 $22.66
Transocean Inc. RIG 95.81 $54.32


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