Can the Market Breakout from its Three Month Tight Range?
Daily Battle Plan Subscribers should have locked into their gains in SPY on the close yesterday. Today the market is slightly overbought and it will interesting to see if the market can breakout from its three month tight range of 182-189. Beyond that it’s behaving like a bull market that is pausing/consolidating at new highs, […]
An Opportunity Exists for Swing Traders
As a reminder of what I wrote yesterday because all the daily global fundamental analysis means little in range-bound markets: The sideways 182-189 range in SPY has lasted for three months. Long term investors tend to get frustrated in this environment but swing traders enjoy it because they get a tight market that swings from […]
For Experienced Amibroker Programmers Only: Now You Can Learn How to Improve Your Trading Results Even Further
You already know that AmiBroker is an extremely powerful tool for performing technical analysis. At Connors Research, it’s the application that we use for everything from simple signal generation to simulating portfolio results for complex strategies involving limit orders, scaling, hedging and more. If you’re ready to tackle these advanced analysis tasks yourself, then this […]
Range in SPY Has Lasted for Three Months
The sideways 182-189 range in SPY has lasted for three months. Long term investors tend to get frustrated in this environment but swing traders enjoy it because they get a tight market that swings from overbought to oversold. Today the market is slightly overbought with SPY showing a ConnorsRSI reading in the 60’s. Additional drifting […]
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How would you like to have the ability to backtest your best trading ideas? And learn how to do this from one of the best in the industry? Introducing Programming in Amibroker – Learn How to Backtest Your Best Trading Ideas. On October 20 and 27, we will be offering a two-day course on how to […]
Sideways 2014 Mode
The market is back to neutral and in other words remains in “sideways 2014” mode. The oversold conditions from Thursday were erased and SPY has ConnorsRSI in the 50’s range today. Ideally the rally on Friday will continue to follow-through as all pullbacks have for the past two years. Eventually this will come to an […]
Nothing Out of the Ordinary
On Wednesday I mentioned the VIX was approaching one-year lows and the risk of a jolt had increased. Some of that jolt was seen yesterday. The pullback in the major stocks that occurred was very normal. In fact, only 10 of the S&P 500 constituents come into today having a ConnorsRSI reading under 10 (and […]
Market Now Slightly Oversold
A two day pause in equity prices and the market is now slightly oversold. What is needed here is a solid move down for 2-3 days combined with a rise in the VIX. If this occurs, there will be ample opportunity for the next leg to move significantly higher. ETFs: IWM For a free trial […]
VIX Now Approaching 1 Year Lows
Yesterday was the pause day we often see after indices make new highs. The VIX is now approaching 1 year lows. Even though the longer term trend is higher, there is an increased risk of short-term jolt to the market because complacency is so high. Continue to trade the pullbacks with the knowledge that the […]
S&P and Dow Record Highs
A three point gain in SPY for Battle Plan subscribers and the market is now overbought. What makes this so interesting is that there is very little fanfare around the fact that the S&P and Dow made record highs. Usually this is lead story material; this time it’s a blip. Such reaction is longer-term positive. […]
As Neutral as it Can Get
We closely track just over 200 of the most liquid ETFs each day. We then look at the average ConnorsRSI reading of this universe to give us an overview of just how overbought and oversold the overall market is. Today, the market comes in with a reading of exactly 51.00 which is pretty much as […]
Respect Paul Tudor Jones
The market did little yesterday and the 2014 sideways market continues. One of the asset managers I greatly respect is Paul Tudor Jones. His 25+ year performance speaks for itself. Yesterday the Wall Street Journal reported the following: Paul Tudor Jones, a billionaire veteran of the industry and founder of Tudor Investment Corp., this week […]