Saturday, 10 August 2013

Getting Ready for Monday Morning's Trading

theconnorsgroup Getting Ready for Monday Morning's Trading

Dear Trader,

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning's trading.

Click here to join Larry Connors and optionMonster® co-founder Pete Najarian to learn their 3 core SPY trading strategies in a free webinar this Wednesday. 

The following securities are the most oversold and overbought according to ConnorsRSI for Monday's trading.  

This Watchlist was created using the TradingMarkets Screener.

Current Market Conditions

(Click Symbol for More Details)

NameSymbolConnorsRSI
SPDR S&P 500 ETF SPY 36.32
Powershares QQQ QQQ 34.44
SPDR DOW 30 ETF DIA 27.57
Russell 2000 ETF IWM 36.69
S&P GSCI Crude Oil TR Index ETN OIL 81.82
SPDR Gold GLD 58.04
20+ Year Trsy Bond Ishares TLT 74.60
VIX Short-Term Futures ETN Ipath VXX 67.03

RSI2/CRSI Comparison

5 Most Oversold Stocks

NameSymbolConnorsRSIPrice
Sarepta Therapeutics Inc SRPT 5.87 $34.94
Aeropostale Inc ARO 6.14 $13.11
Lam Research Corp. LRCX 7.30 $47.70
Costco Wholesale Corp. COST 7.39 $115.63
Carnival Corp. CCL 7.69 $36.51

5 Most Oversold ETFs

NameSymbolConnorsRSIPrice
Japan Hedged Equity Wisdomtree DXJ 16.99 $45.27
Healthcare Select Sector SPDR XLV 24.37 $50.91
Floating Rate Note Ishares FLOT 25.57 $50.64
1-3 Year Treasury Bond Ishares SHY 26.75 $84.39
SPDR DOW 30 ETF DIA 27.57 $154.11

5 Most Oversold Leveraged ETFs

NameSymbolConnorsRSIPrice
Gold Miners Bear 3X Direxion DUST 16.59 $73.42
Ultrashort DJ-UBS Crude Oil Pros SCO 17.56 $29.71
Ultrashort 20+ Year Treasury Pro TBT 24.88 $75.35
3X Long Natural Gas ETN Velocity UGAZ 33.82 $13.16
Ultra QQQ Proshares QLD 34.81 $75.17

5 Most Overbought Stocks and ETFs

NameSymbolConnorsRSIPrice
Vale S.A. VALE 96.98 $15.51
Lexmark International LXK 95.32 $40.76
Teva Pharmaceutical Industries L TEVA 93.07 $40.43
Peabody Energy Corp. BTU 92.91 $17.90
Freeport-Mcmoran Copper & Gold FCX 92.85 $31.61

Do you want to learn 3 powerful market direction strategies for trading SPY? Click here to register for this special online event with Larry Connors and Pete Najarian.




Joshua Glasgall is Editor in Chief of TradingMarkets.com


The Connors Group, Inc. | 10 Exchange Place | Suite 1800 | Jersey City, NJ 07302


Disclaimer:
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The Connors Group, Inc.
10 Exchange Place
Suite 1800
Jersey City, NJ 07302




The Connors Group, Inc. 10 Exchange Place, Suite 1800 Jersey City, NJ 07302
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