Divergent Market Requires a Pullback
There’s a large divergence today in the DOW and Nasdaq with the the ConnorsSI reading in the DOW above 90; a level which on average can’t be held for too many days and QQQ in the 30’s. The market as a whole needs a pullback in order to take some of the froth off these […]
The Bulls Run Into September
The market is overbought and these levels are not sustainable on a short term basis. Traditional behavior is for at least 1-2 days of a pause/pullback before the next leg moves higher. Overall though the bounce back from August’s 3% decline in the S&P is longer-term healthy and confirms that the bull market remains strongly […]
Changes Coming for the Dow
The Dow Jones Industrial Average will be adding Goldman Sachs Group Inc (GS), Visa Inc (V), and Nike Inc (NKE). These 3 stocks will be replacing Bank of America Corp (BAC), Hewlett-Packard Co (HPQ), and Alcoa Inc, (AA). The changes will be effective on September 23, 2013, the S&P Dow Jones Indices said in a […]
Short Squeeze Leads to Very Overbought Territory
Zero Hedge reported yesterday about the major short squeeze which is hitting the market now and driving higher the most shorted names. Click here to view the report. This squeeze hits the hedge funds the most as they usually have more balanced portfolios and they are likely driving up emerging fund ETFs where they’re heavily […]
Emerging Markets Bounce Back
The Asian markets are going to lead the emerging markets continued rebound today. The U.S. markets could see a good start today but any concerns over Syria will stop it the same way it did on Friday. But the with situation waning and the global economy bouncing from oversold conditions, the path of least resistance […]
Getting Ready for Monday Morning’s Trading 9/9/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning’s trading. Do you know how to get the most out of the ConnorsRSI indicator? Click here here to join Larry Connors for a free webinar to learn how! The following securities are the most oversold and overbought according to ConnorsRSI […]
What’s New in Chairman’s Club for Fall 2013
Now that summer is over and things are back to full speed I’d like to keep you updated what’s happening in Chairman’s Club. 1. Thursday at 4:30 pm ET we held an Alpha Club meeting, where I introduced the ConnorsRSI Selective Trading Strategy. ConnorsRSI Selective applies multiple day readings of ConnorsRSI to identify the exact […]
Overbought Conditions Remain for Now
The market remains overbought and with the today being the second day of the Jewish New Year, trading will again be lighter than normal. With a military strike to Syria going through an international debate, there remains an added pause to money being committed to the market. Like yesterday, with the market where it’s at, […]
Holding for Now
Subscribers should have locked in their gains in SPY on the close last night. The market is slightly overbought and with the today being the Jewish New Year, trading will be lighter than normal. With Obama out of the country it’s doubtful a military strike will occur. With the market where it’s at, there’s few […]
Market Declines from Pi Time Symmetry Zone
The SPX was -1.8% last week and finished -3.1% on the month to 1632.97. According to the “trivia” statistic keepers the August trading volume is the lowest on average in more than 15 years. The current decline from the SPX extremely O/B 1709.67 Pi Symmetry high [2013.6] is now -4.8% from 1709.67 to the 1627.47 […]
Syrian Situation Persists
The market is neutral as all eyes remain on Syria. We’ll look to lock in our gains in SPY should the market rally today. Making You a Better Trader To improve, you must continuously learn… Ernie Chan is one of my favorite researchers and I always enjoy reading his work. I just completed his new […]
Top 25 Trending Quotes over Last 31 Days
These were the 25 most searched for symbol detail quotes on the TradingMarkets Analytics Symbol Details Page for August 2013: AAPL CSCO DIA DRN DUST FAS FAZ FB GLD GOOG IWM LNKD NUGT QID QQQ SPY SSO TLT TNA TSLA TZA VXX VXZ XIV XOM TradingMarkets Analytics offers an easy way to search for stocks […]