The Anticipation of a Pause/Pullback
Rising prices and declining implied volatility remain in place as the bull market continues on. At this point the market is overbought and you could see that late day intraday rise in VIX showing the anticipation of a pause/pullback. Such behavior would be normal here and will likely occur within a day or so. For […]
Market Symmetry Part Two
The QQQ and IWM made new bull cycle highs on 3/7/14, which was the anticipated 8.6 cycle time period symmetry, as you were aware of from previous commentaries. The symmetry was 60.2 mo`s, which is 7 x 8.6, and it was confirmed by an O/B condition so the reversal probability was high. The QQQ, following […]
The Daily Hallmark of a Bull Market
A quietly rising market with lowering implied volatility is the daily hallmark of a bull market. Outside of an unforeseen event, the market will likely continue its longer term rise. Shorter term there are no edges here today and we’ll patiently wait for the next pullback to trade. For a free trial to the Daily […]
VIX Trading Back Near Two Month Lows
Thursday’s pause was as expected from overbought conditions and the market is now only slightly overbought. The VIX, after spiking to above 17 is now trading back at near two month lows which again reaffirms the bull market. The next day or so is a toss-up but longer term, as we have been saying for […]
IMB and Google’s Earnings
With all three major US indexes showing ConnorsRSI readings above 80, the market is overbought and due for a near term pullback/pause. IMB and Google’s earnings will create a good reason to put the brakes on the recent rise and allow the market time to get ready for the next wave higher. For a free […]
Just Published: An Introduction to ConnorsRSI – 2nd Edition
Announcing the publication of An Introduction to ConnorsRSI – 2nd Edition. You can download the 2nd Edition here for free. In the guidebook we provide the background, formula and historical results for ConnorsRSI along with a fully disclosed pullback trading strategy to trade ConnorsRSI. As you may know, over the years we’ve researched and quantified […]
The Upward Glide in Volatility
Yesterday’s follow-through rally occurred as normally does occur in bull markets and the market is now slightly overbought. The Daily Battle Plan Model Portfolio exited its long position in SPY on the close. This is the 70th trade in SPY since the inception of the Battle Plan Model Portfolio – the historical track record is […]
Volatility Spikes Live Trading Today
Learn Through Live Trading The first day of live Volatility Spikes Trading was conducted on April 16, 2014. Starting that day and for the 7 weeks following, attendees will have the opportunity to join Larry Connors and a group of experienced traders as they identify trades in live market conditions. Over the years we have […]
European ETFs Oversold on Ukraine Fears
News from Ukraine seems to have taken a turn for the worse and ETFs with exposure to European stock markets have generally turned down. Among the losers, iShares MSCI Germany (NYSE: EWG) fell 1.34% yesterday and iShares MSCI Netherlands (NYSE: EWN) dropped 0.51%. Both ETFs will start trading today with a PowerRatings of 10. Other […]
Stock Market Closed for Good Friday
The US Stock Market will be closed on the following date: April 18, 2014 Upcoming Stock Market Holiday Calendar 2014 New Years Day January 1 Martin Luther King, Jr. Day January 20 Washington’s Birthday February 17 Good Friday April 18 Memorial Day May 26 Independence Day July 4** Labor Day September 1 Thanksgiving Day November […]
Market Back to Neutral Conditions
Implied volatility collapsed in the last 30 minutes of trading with VIX losing over 5% for the day and the more sensitive VXST losing over 9%. The fear during the intra-day sell-off in equity prices was extreme and the rally was a good relief rally. A follow-through today is what is needed/expected because there’s a […]
Financial ETFs Oversold While Financial Stocks Stuck in Neutral
Major market indexes moved higher yesterday and most sectors moved from oversold to neutral based on PowerRatings. Financial Select Sector SPDR (NYSE: XLF) is one of the sector ETFs that remains oversold with a PowerRatings of 8. Although the ETF is oversold, its ten largest holdings are all rated as neutral with PowerRatings of 4,5 […]