Getting Ready for Wednesday Morning’s Trading for Wednesday May 15, 2013
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
| Name | Symbol | ConnorsRSI |
|---|---|---|
| SPDR S&P 500 ETF | SPY | 87.03 |
| Powershares QQQ | QQQ | 83.56 |
| Russell 2000 ETF | IWM | 80.74 |
| S&P GSCI Crude Oil TR Index ETN | OIL | 21.96 |
| SPDR Gold | GLD | 17.58 |
| 20+ Year Trsy Bond Ishares | TLT | 7.97 |
| VIX Short-Term Futures ETN Ipath | VXX | 29.22 |
5 Most Oversold Stocks
| Armour Residential R | ARR | 4.86 | $5.89 |
| Pennymac Mortgage Investment Tru | PMT | 7.66 | $23.99 |
| Vale S.A. | VALE | 8.32 | $16.33 |
| Vale S.A. | VAL.P | 8.33 | $15.41 |
| Gerdau S.A. | GGB | 9.43 | $6.82 |
5 Most Oversold ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| 20+ Year Trsy Bond Ishares | TLT | 7.97 | $116.56 |
| Iboxx $ Invest Grade Corp Bond I | LQD | 8.70 | $119.64 |
| Preferred Portfolio Powershares | PGX | 9.84 | $15.02 |
| S&P US Preferred Stock Index Ish | PFF | 11.01 | $40.85 |
| FTSE Nareit Mort Plus Cp Idx Ish | REM | 13.54 | $14.92 |
5 Most Oversold Leveraged ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Ultra 7-10 Year Treasury Proshar | UST | 8.54 | $56.46 |
| Financial Bear 3X Direxion | FAZ | 11.98 | $33.37 |
| Ultrashort S&P 500 Proshares | SDS | 13.01 | $39.21 |
| Direxion Daily S&P 500 Bear 3X S | SPXS | 13.31 | $10.30 |
| Ultrapro Short S&P 500 Proshares | SPXU | 13.37 | $23.16 |
5 Most Overbought Stocks and ETFs
| Name | Symbol | ConnorsRSI | Price |
|---|---|---|---|
| Questcor Pharmaceuticals | QCOR | 97.85 | $42.40 |
| Wellpoint Health Networks Inc. | WLP | 97.49 | $78.00 |
| Zions Bancorporation | ZION | 97.44 | $27.06 |
| E-Commerce China Dangdang Inc. | DANG | 97.32 | $5.17 |
| Apartment Investment And Managem | AIV | 97.03 | $32.73 |
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