Data Release Could Push Retailers Higher
Retailers have been under pressure after several large companies reported disappointing sales for December. As a group, the sector is now oversold and SPDR S&P Retail ETF (NYSE: XRT) starts trading on Monday with a PowerRatings of 10. Economic data scheduled for release on Tuesday could be a catalyst for the retail sector. The Census […]
TMV Could Bounce on Unemployment Report Volatility
The monthly unemployment report often leads to volatility in the stock and bond markets. Treasuries could provide a trading opportunity with Direxion Daily 20+ Yr Treasury Bear 3X Shares (NYSE: TMV) signaling a potential buy. Treasuries have traded within a relatively narrow range in the past few weeks as the interest rate on the ten-year […]
Market Remains in Neutral Ahead of Jobs Report
The market remains in neutral territory today and it’s going to take a ½%-1% move in either direction to offer higher edge short-term opportunities. The move today may come from the jobs report; any disappointing news should be viewed as a buying opportunity. Today’s Potential Opportunities on Further Pullbacks: ETFs EWG For a free trial […]
Selloff Pushes NFLX to Oversold
Netflix (NASDAQ: NFLX) sold off after Morgan Stanley downgraded the stock. Investors have been nervous about the valuation of NFLX for months and despite those concerns, the stock gained more than 310% in 2013. The occasional pullbacks in the stock that occurred last year proved to be buying opportunities. After this week’s selloff, NFLX is […]
Waiting in Neutral Market Territory for Move
The market is in neutral territory today and it’s going to take a ½%-1% move in either direction to offer higher edge short-term opportunities. Today’s Potential Opportunities on Further Pullbacks: Stocks JCP ETFs EWC For today’s official Daily Battle Plan set-ups click here.
Cash Seeking Equities
The bull market behavior we’ve seen over and over again, played itself out again yesterday with the market rallying after the brief pullback. The bull market in the US remains on and the biggest concerns will be complacency (low VIX) and the length of this bull market. Unless the Fed changes policy, there is still […]
Emerging Markets Oversold After Goldman, JP Morgan and Morgan Stanley Downgrades
According to Bloomberg, major Wall Street firms are bearish on emerging markets. Their bearishness extends to equities, fixed income markets and currencies. Bloomberg reported, “Goldman Sachs Group Inc. recommends investors cut allocations in developing nations by a third, forecasting “significant underperformance” for stocks, bonds and currencies over the next 10 years. JPMorgan Chase & Co. […]
Exuberance Begins to Fade
Some of the exuberance in the US is beginning to fade as the market is pulling back and is now oversold. Yesterday’s decline though was met with a lower VIX reading so there remains little if any fear out there. On a global basis many of the emerging countries under their 200 day ma continue […]
SPY Becomes More Oversold
SPDR S&P 500 (NYSE: SPY) closed down for the third day in a row yesterday and ended trading with a PowerRatings of 9. SPY is the only major stock market index ETF that is oversold. It is possible the current market selloff will continue until it is confirmed by other indexes. It is also possible […]
Happy New Year
This year marks my 32nd year in the industry and I’ve not seen a year enter with so much bullishness. Such optimism is a bit disconcerting (I’d much prefer to see Jan 2009 sentiment) and any surprises, especially early in the year will likely be to the downside. A number of world indexes have broken […]
TradingMarkets Trend Following Summit 2014
Join Larry Connors for TradingMarkets 1st Trend Following Summit Learn How To Capture Major Long-Term Trends on Both the Long Side and Short Side Large institutional investors tend to find most of their success by investing in Blue Chip stocks that lead to low volatility and consistent returns. Investing in brand name companies like Visa, […]
Compare ConnorsRSI to RSI2
By now you’ve probably heard of ConnorsRSI, a composite indicator that we developed recently. If not, you can download a free guidebook on the topic here: An Introduction to ConnorsRSI. Learn everything about ConnorsRSI with our introductory guidebook – including formula & trading strategies. You may also know that we’ve been methodically replacing the 2-period […]