Market Due for a Bounce…
The market is obviously oversold and due for a bounce. Yesterday volatility, especially VXST barely moved and that is usually (not always) a sign that a rally is very close. For a free trial to the Daily Battle Plan, click here!
Market Leaders Could Reignite Rally
Major stock market indexes are 2-3% below their recent highs, sparking fears of a steep selloff on the horizon. A selloff in the long-term is possible but in the short-term, several ETFs have become oversold and present potential buying opportunities. Financial stocks have been among the market leaders in this most recent bull market. Financial […]
SPY Down, VIX Jumps
Wednesday was only the 18th day in 2013 that SPY lost more than 1%. The VIX jumped over 10% and VXST (9 day volatility) spiked over 20% which is an exceptional one day move. It appears that the panic button was hit on Monday as protection is being purchased ahead of the December 18th Fed […]
10 Considerations When Selecting an Online Broker
Whether you’re opening a new trading account or are just curious about what other brokers may provide, it’s always a good idea to take these core considerations into account when selecting an online broker.
Small Caps Oversold After Wednesday’s Selloff
The stock market sold off yesterday and small caps were among the hardest hit stocks. iShares Russell 2000 (NYSE: IWM) fell 1.64% and Direxion Daily Small Cap Bull 3X Shares (NYSE: TNA) dropped 4.97%. Both ETFs ended the day with PowerRatings of 9. PowerRatings are based on the relative strength or weakness of particular stocks or […]
VXST Spikes Again
Tuesday was the second day in a row that VXST (9 day volatility) had a spike and this time it was even larger than Monday’s spike. This movement in VXST is nearly identical to the movement seen ahead of last week’s downward move followed by Friday’s rally. This type of buying of short term protection […]
Guggenheim Spin-Off Oversold According to Two Systems
Guggenheim Spin-Off (NYSE: CSD) is one of this year’s biggest winners with a year-to-date gain of more than 53%. CSD has sold off over the past several days and is now oversold. CSD is oversold with a PowerRatings of 10 and also meets the rules as a potential buy according to the rules fully detailed […]
Not Your Typical Russell Response
Monday was a typical bull market follow through day for the S&P after Friday’s rally. What was not typical was the muted response in the Russell and the 5% spike in VXST (9 day volatility). At this point no one in the mutual fund industry is going to risk giving up big gains for the […]
Questcor Offers Value, Income and a PowerRatings Buy Signal
Quesctor Pharmaceuticals (NASDAQ: QCOR) has increased sales from $115 million in 2010 to more than $760 million in the past twelve months. Despite the rapid growth, QCOR trades with a P/E ratio of 12 and offers a yield of 2.0%. The low valuation is probably due to the fact that skeptics question the sustainability of […]
Perfect Rally From Oversold
Friday was the perfect rally from oversold conditions and the bull market marches on. For those of you who took the signals from the Daily Battle Plan Model Portfolio, you should have locked in your gains on Friday’s close. Overall there are few edges either way and we’ll wait until larger edges appear. For a […]
Symmetry Key in All Time Periods
The SPX was +2.8% for Nov and is +26.6% YTD as it closed +1.1% Fri to 1805.09 on the “funny money” NFP report, which was similar to the ridiculous NFP report etc before the election which the BLS fabricated for Obama. The index finished -.04% last week after 8 straight positive up weeks, and remains […]
Friday Rally Created Few Buying Opportunities
According to headlines, traders pushed stock market averages higher on Friday after a better than expected jobs report. The more likely explanation is that the market rebounded after becoming deeply oversold during a multiday selloff. Friday’s action pushed most market averages into neutral territory and most stocks are also rated neutral. Only two stocks in […]