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You are here: Home / Analytics / Getting Ready for Thursday Morning’s Trading

Getting Ready for Thursday Morning’s Trading

March 14, 2013 by Joshua Glasgall

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

The following securities are the most oversold and overbought according to ConnorsRSI for Thursday’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 57.44
Powershares QQQ QQQ 35.88
Russell 2000 ETF IWM 64.80
S&P GSCI Crude Oil TR Index ETN OIL 45.99
SPDR Gold GLD 37.36
20+ Year Trsy Bond Ishares TLT 42.48
VIX Short-Term Futures ETN Ipath VXX 39.32

Click here to learn about a quantified strategy for trading stocks that have made new 52-week highs.

The back-tested results on this unique research has shown positive annual returns – every year – for over a decade.

5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Mead Johnson Nutrition Company MJN 8.25 $70.50
Spectrum Pharmaceuticals SPPI 8.69 $7.79
Rackspace Hosting Inc RAX 8.85 $51.53
America Movil S.A.B. De C.V. AMX 8.99 $19.00
Fidelity National Financial FNF 9.08 $24.44

5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
Malaysia Index MSCI Ishares EWM 10.55 $14.57
FTSE China 25 Index Fund Ishares FXI 10.84 $37.34
Hong Kong Index MSCI Ishares EWH 11.70 $19.84
Emrg Mkts Index MSCI Ishares EEM 12.94 $42.98
Emrg Mkts ETF MSCI Vanguard VWO 13.26 $43.35

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Gold Miners Bull 3X Direxion NUGT 27.34 $5.21
Ultra Silver Proshares AGQ 29.84 $39.29
Ultrashort Russell 2000 Proshare TWM 32.16 $20.06
Ultra QQQ Proshares QLD 34.36 $60.64
Smallcap Bear 3X Direxion TZA 34.48 $9.50

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Northrop Grumman Corp. NOC 97.01 $67.18
Jetblue Airways Corp. JBLU 96.35 $6.82
Ultra Petroleum UPL 96.25 $19.55
Legg Mason LM 95.99 $31.40
The Charles Schwab Corp. SCHW 95.63 $18.11

“If I could only trade one strategy, it would be early morning gaps.” — Kevin Haggerty, Former Head of Trading Fidelity Capital Markets

Click here to learn how to identify the best stock gap setups every single day, including how to select optimal entry levels and where and when to exit your positions.

Learn more about the strength of this gap trading strategy in How to Trade High-Probability Stock Gaps – 2nd Edition.

Filed Under: Analytics Tagged With: ConnorsRSI, ETF Trading, Leveraged ETF trading, Screener, stock trading, Technical Indicators

About Joshua Glasgall

Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in 2012, Joshua worked in online advertising, market research, and financial journalism.

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