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 64.33
Powershares QQQ QQQ 59.54
Russell 2000 ETF IWM 53.98
S&P GSCI Crude Oil TR Index ETN OIL 50.12
SPDR Gold GLD 89.03
20+ Year Trsy Bond Ishares TLT 36.66
VIX Short-Term Futures ETN Ipath VXX 41.95

 

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5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Graftech International Ltd GTI 1.09 $7.92
Vivus VVUS 2.66 $10.89
Red Hat RHT 6.44 $49.39
Finisar Corp. FNSR 8.01 $14.32
First Solar FSLR 8.18 $31.36

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Mexico Investable Mkt Idx MSCI I EWW 24.22 $70.08
DB Commodity Index Tracking Powe DBC 26.62 $27.42
Alerian MLP Index ETN Jpmorgan AMJ 29.92 $42.95
Tips Bond Ishares TIP 33.55 $120.74
India Earnings Wisdomtree EPI 34.17 $18.71

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Direxion Daily S&P 500 Bear 3X S SPXS 34.34 $14.23
Energy Bear 3X Direxion ERY 34.42 $6.15
Ultrapro Short S&P 500 Proshares SPXU 34.74 $31.93
Ultrashort S&P 500 Proshares SDS 35.80 $48.49
Ultrashort QQQ Proshares QID 39.03 $28.04

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Verizon Communications Inc. VZ 91.69 $46.12
Barnes & Noble BKS 90.27 $15.46
Telecomunicacoes De Sao Paulo S/ VIV 89.95 $25.98
Sealed Air Corp. SEE 89.81 $21.58
Gold Trust Ishares IAU 89.55 $15.70

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