Market Expected to Open Higher…
The market is overbought and called to open higher making it even more overbought. There is all good news out there and prices and extremely low volatility are reflecting this. At a minimum a pause/pullback day is now due and likely within a day or so. For today’s official Daily Battle Plan set-ups click here.
Pozen’s Friday Gain Could Be Reversed Quickly
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. Stocks with low ratings have a tendency to underperform the market. For best results, enter short trades with a limit order 3-7% […]
The Perfect Rally from Oversold…
That was a perfect rally from oversold conditions. If you’re trading with the signals from the Model Portfolio you should have locked in your gains on the close. The market is now slightly overbought. Volatility collapsed the past two days and has reverted to its mean from the early week spike. At this point there […]
Precious Metals Are Oversold Again
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]
Small Cap Hype Getting Crushed…
After three consecutive small down days the markets is now officially short-term oversold with SPY having a ConnorsRSI reading of 23.93 this morning. Ideally we’ll see a healthy 1-2 days of additional selling because the market got frothy. The good news is it has begun crushing the traders who speculate in the small cap hyped […]
Negative Interest Rates Could Be Bullish for European ETFs
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]
10% Spike in VIX in Past 2 Days…
There’s been a 10% spike in volatility over the past two days and the market is now slightly oversold (ConnorsRSI reading of 33.59). The price movement in the US is muted but the fear has begun to rise as seen in the VIX and also seen in the Latin American countries which tend to swing […]
Clean Energy Joins Solar ETF in Oversold Territory
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]
The “All In Crowd” Gets Hit…
Yesterday I wrote “the market is very close to pausing/pulling back for at least a few days as the stretch on a daily and weekly basis has gone a bit too far”. I don’t often make short-term market top calls (in the long run it’s a fools game) but as I pointed out in yesterday’s […]
Solar ETF Moving Towards Oversold Buying Level
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]
Will The Fed Continue Its Free Cash Policy?
With volatility as measured by the VIX once again approaching 5 year lows, the market has reached a point where it’s going to need to pause … likely very soon. Go to the Analytics section on the TradingMarkets site and go to our Screener. Then sort all stocks by their 2-period RSI from highest to […]
Short Trades Could Pay Off This Week
PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. Stocks with low ratings have a tendency to underperform the market. For best results, enter short trades with a limit order 3-7% […]