Getting Ready for Friday Morning’s Trading

March 8, 2013
Joshua Glasgall

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

The following securities are the most oversold and overbought according to ConnorsRSI for Friday’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	81.90
Powershares QQQ	QQQ	66.54
Russell 2000 ETF	IWM	86.61
S&P GSCI Crude Oil TR Index ETN	OIL	73.97
SPDR Gold	GLD	36.21
20+ Year Trsy Bond Ishares	TLT	11.91
VIX Short-Term Futures ETN Ipath	VXX	30.38

Did you know that stocks that make new 52-week highs tend to follow through and move higher?

Click here to learn how you can take advantage of this pattern in a free webinar with Larry Connors.

5 Most Oversold Stocks

Name	Symbol	ConnorsRSI	Price
Ross Stores	ROST	9.57	$55.23
Atlantic Power Corp.	AT	9.72	$5.60
Monster Beverage Corp	MNST	12.81	$47.75
Windstream Corp.	WIN	12.87	$8.52
Pier 1 Imports	PIR	13.12	$22.28

5 Most Oversold ETFs

Name	Symbol	ConnorsRSI	Price
Iboxx $ Invest Grade Corp Bond I	LQD	5.97	$119.20
Aggregate Bond Ishares	AGG	8.14	$110.14
Tips Bond Ishares	TIP	9.72	$120.39
Total Bond Market ETF Vanguard	BND	10.40	$83.29
20+ Year Trsy Bond Ishares	TLT	11.91	$115.96

5 Most Oversold Leveraged ETFs

Name	Symbol	ConnorsRSI	Price
Smallcap Bear 3X Direxion	TZA	12.59	$9.81
Financial Bear 3X Direxion	FAZ	13.32	$10.83
Ultrashort Russell 2000 Proshare	TWM	13.36	$20.55
Ultrashort S&P 500 Proshares	SDS	17.63	$45.48
Direxion Daily S&P 500 Bear 3X S	SPXS	18.09	$12.93

5 Most Overbought Stocks and ETFs

Name	Symbol	ConnorsRSI	Price
Southwestern Energy Company	SWN	98.71	$37.36
First Tennessee National Corp.	FHN	97.46	$11.23
Gol Linhas Aereas Inteligentes S	GOL	96.57	$7.36
Wpx Energy Inc. Common Stock W	WPX	96.38	$15.83
Activision Blizzard Inc	ATVI	96.01	$14.97