Five European ETFs Return to Oversold Extremes
Most European stock markets became oversold last week after Russia’s intervention in the Ukraine. In the first part of this week, several markets recovered and moved back towards a neutral position. Despite a lack of new developments in the region, stock markets in several countries fell back into oversold territory yesterday. Five ETFs tracking European […]
Small Cap Index ETFs Oversold After a 5-Day Losing Streak
iShares Russell 2000 (NASDAQ: IWM) is oversold after five consecutive down closes. After falling only 2.09% below its all-time high, the ETF is a possible buy candidate with a PowerRatings of 9. Leveraged ETFs tracking the small cap stock index are also oversold. Each of these ETFs has a PowerRatings of 9, a ConnorsRSI reading […]
US Indices Succumbed to the Selling
The major US indexes finally succumbed to the selling which has been prevalent in many sector and country fund ETFs. The market is now oversold and scaling into long index positions is where the greatest edges are today. Today’s Potential Opportunities on Further Pullbacks: Stocks COL ETFs DIA For a free trial to the Daily […]
PowerRatings Highlights Potential Vulnerability of Stock Market
Most of the stock market is stuck in neutral with only a few strong buy or sell setups. Among oversold stocks and ETFs, many are in one sector. Seven non-leveraged U.S. sector ETFs will start trading today with an oversold PowerRatings of 9 or 10. Six of those ETFs are in the real estate or […]
S&P at a Stand-Still
The S&P is at a stand-still but many sector and country fund ETFs are now oversold. Any pullback in the major indices should be viewed as an opportunity to buy.
6 Technical Indicators to Identify the Most Oversold Stocks & ETFs
Here are the 6 technical indicators you need to identify the most oversold stocks and ETFs every day: ConnorsRSI, the first and only quantified oscillator for traders to apply to their stocks, ETFs, and options trading 2-Day RSI 4-Day RSI Down Days Bollinger Bands® (%b) 5 Day Stretch MA You can learn more about these […]
Job Report to Oversold
The job report took the market to oversold territory but the rotation on Friday exhibited signs towards a short term pullback with 7 of the 10 key S&P Sectors declining for the day. Should the market pullback today use it as an opportunity to begin buying. Today’s Potential Opportunities on Further Pullbacks: ETFs XHB, QLD […]
PowerRatings Points to High Probability Potential Trades in ETFs
PowerRatings can be used as a stand-alone trading strategy or it be combined with other indicators to find potential buys. On the PowerRatings web site, traders will find several lists with the highest rated stocks, ETFs and leveraged ETFs. These symbols could be used to create a watch list for potential buy signals. PowerRatings are based […]
My Favorite Monthly
My favorite report, the monthly guess report for jobs, is predicted to be at 149,000. As we’ve seen the last two months (and I’ve consistently seen for over 30 years) the guesses have not been remotely close. Anything higher than 149,000 today will likely be met with new highs on the S&P. Anything substantially lower […]
Biotech Most Oversold Sector in Market
Stock market volatility is likely to be high today as traders react to the unemployment report. ETFs that are already oversold could among the biggest winners if the market moves sharply after the report. There are only seven ETFs that are oversold with a PowerRatings of 8 heading into trading today and four of those […]
Pause, Pullback, Buy
Yesterday I mentioned the market was overbought and due for a short-term pause. Most large 1-2 day upside moves are followed by “pause days’ and this is what occurred yesterday. The overall trend though is higher and any pullback should be viewed as an opportunity to buy. Today’s Potential Opportunities on Further Pullbacks: ETFs OIL […]
Only Vietnam Remains Oversold Among Country ETFs
Reacting to news from the Ukraine, stock markets around the world sold off on Monday but most have quickly recovered. Heading into trading on Tuesday, thirteen foreign market equity ETFs were oversold. Only one, Market Vectors Vietnam ETF (NYSE: VNM), remains oversold. VNM is nearly twice as volatile as SPDR S&P 500 (NYSE: SPY) and […]