Good Bull Market Behavior
All it took was one oversold day and the market rallied. This is good bull market behavior and ideally a follow-through day occurs today to further confirm the bull market remains strong. Today’s Potential Opportunities on Further Pullbacks: ETFs: IWM For a free trial to the Daily Battle Plan, click here!
New Trading Book
Traders have been using VIX for over 20 years, and Larry Connors & ConnorsResearch have been testing it for almost as long. The strategy in their new guidebook has consistently identified oversold SPY conditions for 20 years as well. The VIX is most effective when you use it as a dynamic indicator. What does a […]
Start to a Short-Term Pullback
The US markets had their expected start to a short-term pullback and are now slightly oversold. IWM is the most oversold with a ConnorsRSI reading at 16. Another 1-2 day pullback would be healthy. ETFs: IWM For a free trial to the Daily Battle Plan, click here!
The Ideal Scenario
The market is neutral coming into today and the VIX moved off its 3 month lows yesterday. The larger move was in VXST which rose over 9% so there’s at least a little bit of fear out there. The ideal scenario would be a healthy 1-3 day pullback but with so much money being put […]
Would Be Normal to See Some Weakness
The market is in neutral territory but with no real pullback in over a week, it would be normal to see some weakness, especially with VIX levels near 3 months low. Use a pullback today to begin accumulating long index positions. ETFs: QQQ For a free trial to the Daily Battle Plan, click here!
VIX Nearing Three Month Lows
The jobs report will dictate things today. The VIX is now nearing three month lows again and you could feel the complacency yesterday. The market is neutral/slightly overbought and we’ll remain patient for the next pullback. For a free trial to the Daily Battle Plan, click here!
Another Winning Trade
Another winning trade for the Daily Battle Plan Model Portfolio in SPY and now the market is slightly overbought. As we continue to see, there is cash out there to keep moving the market higher. It’s not occurring in surges of buying (this is healthy). As we always do, we’ll now patiently wait for the […]
Heavy News and Report Day
The two day-rally as expected from oversold conditions. Today the market is in short-term neutral/slightly overbought territory with the major indices showing ConnorsRSI readings in the upper 60’s/low70’s. Today is a heavy news and report day so the likelihood of wider market range is increased. For a free trial to the Daily Battle Plan, click […]
Month End Upward Bias
Just when the sky looked like it was going to fall in, the market miraculously rallied mid-day yesterday just like it did earlier in the month after it declined. It appears at least for now that the powers that be prefer to see rising asset prices so the bull market marches on. As long as […]
Lots of Interesting Activity
A good pullback on Friday (somewhat expected) and the market is now slightly oversold. This week will be eventful with estimated GDP, FOMC and the employment report in the queue. Add in the traditional month end upward bias and it will make for lots of interesting activity. ETFs: DIA For a free trial to the […]
Implied Volatility Has Begun to Rise
The market heads into the day in neutral territory as most of the major Country Fund ETFs have ConnorsRSI readings in the 50’s and 60’s. Implied volatility has begun to rise the past two days in anticipation of a pullback. But with the end of the month upward bias now in place, any pullback will […]
US is Neutral, Apple’s Earnings
A number of country fund ETFs are oversold this morning as global selling hit the markets yesterday. The US is neutral but Apple’s earning will open the indices in overbought territory. A reversal will provide a good buying opportunity today. Today’s Potential Opportunities on Further Pullbacks: ETFs: QQQ For a free trial to the Daily […]