Good Move Yesterday
That was a good move yesterday reaffirming that the bull market remains in place. Daily Battle Plan subscribers should have locked in their gains in SPY on yesterday’s close. Today the market is overbought and due for a short-term pause but the long term trend remains higher and unless something very out of the ordinary […]
AKRX Oversold on Three Indicators After Earnings Disappointment
Specialty drug maker Akorn (NASDAQ: AKRX) dropped more than 18% on Tuesday after reporting earnings that beat estimates for the quarter but disappointed investors when management provided guidance for 2014 that was lower than analysts expected. The stock is now oversold on a number of indicators including ConnorsRSI and PowerRatings. Heading into today’s trading AKRX […]
Learn Connors Research Most Powerful Swing Trading Strategies in 1 Day
Watch our free informational webinar with Larry Connors to learn about the TradingMarkets 2014 Advanced Swing Trading Summit. The 2014 Advanced Swing Trading Summit, which will be conducted on April 5, will be your final opportunity to learn how to swing trade, directly from Larry Connors, using a professional, systematic, data-driven approach to trading that […]
Extremely Oversold Situation
The markets are obviously extremely oversold heading into today. The early morning futures at 5:30 am ET have reversed the majority of yesterday’s losses as tensions ease in Ukraine. As I pointed out yesterday, this is a geopolitical situation and geopolitical situations always have a higher degree of uncertainty to them and many don’t simply […]
PowerRatings Highlight Two Sectors for Potential Rebound
Yesterday’s market selloff did not push many stocks or ETFs into oversold territory according to PowerRatings which identifies high probability trading opportunities. Only two sector ETFs are oversold with PowerRatings of 8, Utilities Select Sector SPDR (NYSE: XLU) and SPDR S&P Biotech ETF (NYSE: XBI). Among individual stocks, there are also relatively few buy setups. […]
Tread Carefully Here
The markets are overbought heading into today but the situation in Ukraine will take care of that quickly. Pullbacks created by geopolitical events are often very choppy and historically unpredictable because one never knows just how far escalations will go. This situation on the surface appears contained to one region but with it impacting so […]
Top 5 Winners from S&P 500 Low-Volatility Growth Portfolio
The following trades are the 5 biggest winners in the S&P 500 Low-Volatility Growth Portfolio from February 1, 2014 to February 28, 2014. Symbol Entry Price Exit Date Current/Exit Price % Gain ORLY $130.98 02/07/2014 $147.88 12.90% TDC $41.12 02/24/2014 $45.72 11.19% BMY $48.36 02/12/2014 $52.84 9.26% COL $75.56 02/24/2014 $82.47 9.15% CERN $56.30 Open […]
Questions About Questcor Lead to Another Oversold Market Leader
Some of last year’s biggest winners have been selling off over the past several weeks and providing potential buying opportunities. Questcor Pharmaceuticals (NASDAQ: QCOR) is the latest stock to pull back after recording large gains in the bull market. QCOR gained more than 1,800% since 2008 and more than doubled last year. The company derives […]
Janet Yellen – The World’s “Very Special Aunt’
That was a very good reversal yesterday from the pre-market lows and very typical bull market behavior. Janet Yellen has now become the world’s “very special aunt”; the one who always say’s the nicest things to you, gives you the best gifts, and you always look forward to seeing. The world markets very much like […]
Yellen Blames Weather and Soothes Bond Traders
Federal Reserve Chair Janet Yellen testified before the Senate yesterday and explained that the Fed is watching economic data to be sure the recent weakness seen in the economy was caused by unusually severe winter weather. Since weather is to blame, she said she expect the Fed to continue tapering unless there is a significant […]
Update on Volatility Spikes – Program Trades
A quick update on the Volatility Spikes Trading Program… Since it’s release, several customers have provided us with very positive feedback and another has recorded 6 straight wins with returns ranging from 18% to 93%. Volatility Spikes has given me 6 straight wins and I thought I would share my results. Thanks for all of […]
The Market is Coiled
The market is coiled up and usually larger than average moves come from conditions like this. Many country funds began selling off yesterday and if the US sells off today it will be an opportunity to begin scaling into the pullback. Today’s Potential Opportunities on Further Pullbacks: DIA For a free trial to the Daily […]