Getting Ready for Wednesday Morning’s Trading 5/8/13

May 8, 2013
Joshua Glasgall

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	82.54
Powershares QQQ	QQQ	50.55
Russell 2000 ETF	IWM	83.41
S&P GSCI Crude Oil TR Index ETN	OIL	39.32
SPDR Gold	GLD	17.64
20+ Year Trsy Bond Ishares	TLT	15.16
VIX Short-Term Futures ETN Ipath	VXX	24.99

5 Most Oversold Stocks

Name	Symbol	ConnorsRSI	Price
Infinity Pharmaceuticals	INFI	1.76	$34.81
Linn Energy Llc	LINE	8.65	$35.01
Blackberry	BBRY	9.28	$14.82
Array Biopharma Inc.	ARRY	10.95	$5.24
Aruba Networks	ARUN	12.09	$17.02

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5 Most Oversold ETFs

Name	Symbol	ConnorsRSI	Price
20+ Year Trsy Bond Ishares	TLT	15.16	$120.16
Short Russell 2000 Proshares	RWM	16.22	$20.94
Iboxx $ Invest Grade Corp Bond I	LQD	17.08	$121.05
US Natural Gas	UNG	17.16	$21.30
SPDR Gold	GLD	17.64	$140.38

5 Most Oversold Leveraged ETFs

Name	Symbol	ConnorsRSI	Price
Financial Bear 3X Direxion	FAZ	16.20	$35.73
Ultrashort S&P 500 Proshares	SDS	16.32	$40.52
Smallcap Bear 3X Direxion	TZA	16.49	$33.79
Direxion Daily S&P 500 Bear 3X S	SPXS	16.94	$10.83
Ultrapro Short S&P 500 Proshares	SPXU	16.96	$24.36