Winnebago Industries Oversold After Missing Expectations
Thursday was a relatively slow day in the stock market. Recreational vehicle maker Winnebago Industries (NYSE: WGO) was an exception and lost 13.65% after disappointing investors. The company reported earnings per share of $0.40, $0.03 better than expected but revenue came in 4.5% below expectations and the stock sold off. Many traders and analysts follow […]
Tapering Lite Triggered Buying Spree
As we have been seen over the past weeks, there was a large buildup in protection being bought as the VIX rose over 25% from its late November lows. Once “Tapering Lite” was announced yesterday and surprised most of the market, the protection was rapidly unwound and the buying spree was triggered. As things stand […]
Fed Pushes Financial Sector Bear ETF to Potential Buy List
Stocks surged after the Federal Reserve assured traders interest rates will remain low for some time. Most of the Fed’s members believe short-term rates will remain unchanged for at least the next year and some see the possibility of near-zero interest rates until at least 2016. Financial stocks should be among the long-term winners when […]
Stocks On Rise After Fed Taper Announcement
Here’s a look at Market Conditions as of 3:30 pm courtesy of the TradingMarkets Live Screener. Ticker Price Change ConnorsRSI RSI2 DIA $161.11 1.47% 82.43 94.13 IWM $112.51 1.04% 74.61 90.96 QQQ $85.80 0.76% 76.48 83.89 SPY $180.91 1.27% 81.99 86.43 Dow’s 5 Biggest Gainers Ticker Price Change ConnorsRSI RSI2 MMM $135.24 2.93% 95.81 98.80 […]
Defensive Sectors Ready to Rise?
Traders are on Fed watch as they wait for a statement at the end of the central bank’s two-day meeting. Most market indexes registered small losses yesterday. The short-term downtrend in the indexes pushed several sectors into oversold territory. ETFs tracking energy, consumer staples and healthcare are all on PowerRatings buy signals. These sectors are […]
A Gradual Unwinding in Anticipation …
If you look at the number of days the market has been down vs. up over the past 3-4 weeks, you’ll see a gradual unwinding of equity positions as many larger asset firms have begun anticipating the slowing of funds from the Fed. The VIX again reached its highest level in two months so you […]
Stock Split Calendar Dec 17, 2013
Splits have been processed for BWA, FISV and MDSO. Changes should take place immediately for TradingMarkets Analytics and shortly for the TradingMarkets Screener.
TradingMarkets 5 Best Trading Series of 2013
In 2013, we provided a variety of education on a variety of topics for our Research Newsletter subscribers … here are our top 5 Connors Research Education Series: How to Build a Trading Strategy – 6 Part Series: Join Senior Researcher Matt Radtke for an article series designed to teach you a systematic, step-by-step process […]
Will the Easing Continue?
Monday was a good rally from oversold conditions and the market is now back to neutral territory. With VIX rising again and closing at its highest level since October, there’s a lot of protection in place for this week’s Feds announcement. Any sign that the easing will continue has the potential to push prices significantly […]
Opportunities Developing in Asian Markets
As U.S. markets recovered on Monday, stocks in Japan and China became oversold and could provide buy signals for traders. Vanguard FTSE Pacific ETF (NYSE: VPL) is the only leveraged ETF with a PowerRatings of 10. PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater […]
All Eyes on the FED…
The market remains oversold and due for a bounce. With all eyes of the FED announcement this week, the likelihood of an outsized move has increased. Today’s Potential Opportunities on Further Pullbacks: Stocks BRS ETFs QQQ For today’s official Daily Battle Plan set-ups click here. Making You a Better Trader To improve, you must continuously learn… […]
Four High Probability Trades for Monday
Stocks ended lower last week and have declined for the past two weeks in a row. For now, traders should continue to view market weakness as a buying opportunity in a long-term uptrend. The 200-day moving average (MA) can be used to define the direction of the trend. SPDR S&P 500 (NYSE: SPY), for example, […]