Market Moderately Oversold Heading into Tuesday Trading
Good Morning,
The market is moderately oversold with SPY and QQQ showing ConnorsRSI readings just under 30. The world markets continue to behave in typical bull market/bear market fashion with those countries above their 200 day trending higher with small pullbacks while those below the 200 day such as TUR, EWS, EWA, EWW, and EWM continuing to move lower. For long/short ETF traders, this is a very good trading environment.
Today’s Potential Opportunities on Further Pullbacks:
Stocks
ETFs