Buying Opportunities are Beginning to Arise
A more than due pullback yesterday. As I mentioned in yesterday’s commentary, more than 99.5% of the stocks in our database had ConnorsRSI readings above 10. When something rare like that occurs it tells us a short-term pullback is likely upon us.
Many markets are neutral today and buying opportunities are beginning to arise. Ideally another 1-2 down days will occur and that will certainly lead to some high quality set-ups.
Today’s Potential Opportunities on Further Pullbacks:
ETFs: QQQ