Bull Market Reaffirmed…
Extremely overbought and the shorter-term risk of chasing is high. Longer-term last week reaffirmed the bull market and this is a very good sign.
Silver Gains Set Up Buy in Inverse ETFs
iShares Silver Trust (NYSE: SLV) is overbought after gaining 7.2% last week. As SLV became overbought, ProShares UltraShort Silver (NYSE: ZSL) has become oversold. ZSL has been oversold for most of the past two weeks. The longer a market is oversold, the more likely it is to reverse. Heading into the open on Monday, ZSL […]
Understanding The 3 Types of Volatility
With recent market activity reminding traders that prices can go down as well as up, we’re suddenly starting to hear more about volatility again. Today we’ll discuss the different types of volatility related to stocks and ETFs. The first type of volatility is Historical Volatility, or HV, which may also be referred to as Realized […]
Very Overbought is Now Even More Overbought
Very overbought is now even more overbought and the market is behaving like it did in 2013 where everyone was afraid of missing the boat. On a long term basis this is a much better place to be than where the market was the first 5 weeks of the year. On a shorter-term basis, these […]
Introducing Rapid Profit Target Trading Program
We’re proud to announce the TradingMarkets Rapid Profit Target Trading Program (RPTT). This Program is specifically for traders who are looking to rapidly trade positions with a historically high degree of success. Special Offer (LIMITED TIME) Order Online and save 25% off RPTT – order here. In 2013, Connors Research invested a significant amount of […]
LivePerson Disappoints Investors and Becomes a Potential Buy
LivePerson (NASDAQ: LPSN) provides companies with the ability to connect with their customers in real-time with chat, voice and video services through websites, social media and mobile devices. The company recorded more than $173 million in sales over the past twelve months. In the most recent quarter, LPSN announced results yesterday that beat analysts’ earnings […]
We’re Reaching Extremes
Even though the market has done little the past two days (its paused), the behavior has been in-line with the behavior of 2012 and 2013 which were typical bull market years. Overbought is now very overbought and this is a much better sign than multiple days down followed by a big up day (with no […]
Herbalife Pulls Back in a Long-Term Uptrend
Buying pullbacks in stocks that are in long-term uptrends can be profitable as we demonstrated in How Markets Really Work. Herbalife (NYSE: HLF) is an example of a stock that provides a buying opportunity under that idea now. HLF has been moving higher for more than a year and remains above its 200-day moving average, […]
US Stock Market Closed on Monday – Presidents Day
The US Stock Market will be closed on the following date: February 17, 2014 in observance of Washington’s Birthday. 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 […]
Yellen, Debt Ceiling and the VIX
Yesterday Fed Chairwomen Yellen’s told the markets exactly what it wanted to hear. Add in the Republican’s concessions on the debt ceiling and everyone who left the market last week at VIX 20 is now back in again. The market is overbought. There still be money to be put to work and it may push […]
SPY Returns Nearly Two Standard Deviations Above Average
Stock prices continued moving higher yesterday after Federal Reserve Chair Janet Yellen indicated she would continue with a policy of easy money. SPDR S&P 500 (NYSE: SPY) is now 4.67% above the low reached last Wednesday. A chart displaying returns distributions is available at Trading Market Analytics and the one-week returns for SPY are shown […]
Market Waiting on Yellen’s Vision
Today will be Fed Chairwomen Yellen’s first official opportunity to lay out her vision of the economy and her policy. Unless she decides to play it safe and say little out of the ordinary (the most likely scenario since the official policy right now is to leave as many options on the table as possible) […]