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Quiet is an Understatement

There’s now been multiple days of a steady climb from early day sell-offs and this is a sign that there’s cash out there ready to get put to work. The VIX has risen off its lows and volume has dried up showing that there’s actually nervousness out there. Any good news will likely lead to […]

More Cash Out There

Volatility has coiled up even more. Volatility reverts to its mean which means higher volatility is likely due soon. Yesterday’s steady climb from the early day sell-off is a sign that there’s more cash out there ready to get put to work. For a free trial to the Daily Battle Plan, click here! Last Chance […]

ConnorsRSI 30/70 Level Less than a Point Apart

Volatility is coiling up. There are a number of ways to measure this and seeing the ConnorsRSI 30/70 level less than a point apart is very rare. Expect to see an outsized move relative to the past few weeks within a day or so. For a free trial to the Daily Battle Plan, click here! […]

A Bull Market That Shows No Sign of Ending Soon

Even though the markets feel overbought, they are not. The major US indices come into the week with ConnorsRSI readings in the 60’s and many country funds ETFs are in the 40’s and 50’s. A continued rally early in the week would be no surprise. The one caveat is volatility which is near one year […]

Off to the Races

Wednesday was a pause day and then it was off to the races again. There is again broad chasing of the momentum stocks and the speculative fever that went void a month ago is back again. We’re seeing a record number of stocks at extreme overbought conditions today. Another pause day and preferably a short-term […]

Pause Day

Yesterday was a pause day which often occurs when bull markets become extremely overbought. Another 1-2 days of lower index prices will lead to short-term opportunities with healthy historical edges. For a free trial to the Daily Battle Plan, click here!   We’re happy to announce we are offering two AmiBroker training classes in June. […]

Current Time Symmetry

The IWM and QQQ declined -10.7% and -8.4% from the cycle time symmetry in the first week in March, while the SPX decline from that zone and subsequent high was only -4.4% to the 4/11/14 1814 low at the 50DEMA The QQQ has bounced back to its early March high from just above its 200DEMA […]

Panic Buying

Yesterday was the first time we’ve seen panic buying since February. Some of the moves over the past 5-15 days in the more speculative stocks like CXDC, GOGO etc., have been extreme and they are being driven by very short-term momentum traders and panicked short sellers who are covering. This remains normal bull market behavior […]

A Bull Market with No Fear

New highs in the S&P and with almost 25% of the stocks in the S&P 500 coming into the day with 2-period RSI readings above 90, a pause within day or so is now expected. The behavior overall though is bull market behavior with any signs of market weakness being met with a flood of […]

An Introduction to Programming in AmiBroker

In June we will be conducting two in-depth courses on how to program in AmiBroker . These programming courses will be led by Matt Radtke, Director of Research at Connors Research. Matt is an expert AmiBroker programmer, and has a wealth of experience creating AmiBroker scans and backtests to simulate a wide variety of trading […]

I Could Hear a Pin Drop

With trading, I always get a bit nervous when I can hear a pin drop. Yesterday at 2:30 pm ET I could hear a pin drop (the VIX was at 11.76 at the time). As of Thursday evening (the time this is being written) I can still hear the pin. The market is now overbought […]