Getting Ready for Wednesday Morning’s Trading

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

The following securities are the most oversold and overbought according to ConnorsRSI for Wednesday’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 71.52
Powershares QQQ QQQ 74.50
Russell 2000 ETF IWM 70.25
S&P GSCI Crude Oil TR Index ETN OIL 60.51
SPDR Gold GLD 61.17
20+ Year Trsy Bond Ishares TLT 31.48
VIX Short-Term Futures ETN Ipath VXX 33.28


5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Desarrolladora Homex HXM 3.38 $5.75
Barrick Gold Corp. ABX 7.17 $18.86
Pan American Silver PAAS 7.18 $12.63
U.S. Bancorp USB 7.19 $32.72
First Majestic Silver AG 9.24 $11.90


5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Junior Gold Miners ETF Market Ve GDXJ 15.47 $12.13
Gold Miners ETF Market Vectors GDX 16.98 $28.82
Emrg Mkts Sovereign Debt Powersh PCY 26.62 $30.64
Short S&P 500 Proshares SH 28.06 $30.44
20+ Year Trsy Bond Ishares TLT 31.48 $121.98


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5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Gold Miners Bull 3X Direxion NUGT 15.78 $11.49
Ultrashort Euro Proshares EUO 17.55 $18.90
Ultrashort QQQ Proshares QID 27.23 $25.44
Financial Bear 3X Direxion FAZ 27.65 $40.82
Ultrapro Short S&P 500 Proshares SPXU 27.78 $26.98


5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Myriad Genetics MYGN 96.64 $27.59
Uni-Pixel UNXL 91.15 $37.27
Sprint Nextel Corp. S 89.60 $7.20
Sk Telecom Corporation SKM 89.27 $18.40
Mead Johnson Nutrition Company MJN 88.67 $80.76