After Equity ETF Opportunities, Back to Neutral
Yesterday I mentioned “the last time the market has had a 2-day cumulative ConnorsRSI reading (the past two days added together) of under 30 was on June 24 and the Fed proceeded to step in and launch a 5 week upward move”. Cumulative ConnorsRSI levels under 30 tend to do a good job of identifying […]
Oversold Around the World
The last time the market has had a 2-day cumulative ConnorsRSI reading (the past two days added together) of under 30 was on June 24 and the Fed proceeded to step in and launch a 5 week upward move. Whether this occurs again remains to be seen but no matter how one measure this, the […]
The Dow’s Dip Leaves Room for a Pullback
The market had its 1-2 day sell-off we were looking for late last week and it’s now oversold. After the Dow put in its worst week of the year combined with bond prices plunging, I would have expected to see more extreme oversold conditions coming into today. But the average ConnorsRSI reading on all the […]
Getting Ready for Monday Morning’s Trading 8/19/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning’s trading. Click here to learn how to find daily quantified trading signals before the market opens. The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s trading. This Watchlist was created using the TradingMarkets Screener. […]
Take Advantage of the Sell-Off with Leveraged ETFs
Yesterday I wrote ”A healthy 1-2 day global sell-off is what the market needs right here and it will then provide some very good leveraged ETF buy set-ups heading into the weekend.” This is in fact what happened and please see the Leveraged ETF section for today’s buying opportunities. Have a great weekend! Receive high […]
Look for a Sell-Off in Global Markets
The U.S. market is again slightly oversold while most of the world remains overbought. There’s a good chance that the global markets will move in-line with the U.S., especially with the U.S. futures pointing lower this morning. A healthy 1-2 day global sell-off is what the market needs right here and it will then provide […]
Day Trading As A Business
The SPX made a bull cycle high at 1709.67 on Friday 8/2/13, followed by the Pi timing week high at 1709.24 [8/5] and then the SPX traded in just a 15 point range the next four days as the index finished -1.1% on the week to 1689.87. Kevin Haggerty’s Professional Trading Service: Every day receive […]
Yesterday’s Rally Boosts U.S. Market
Yes, I wrote that it was “a bit odd to see the U.S. lag like this but one good day’s rally will take care of this” and that’s the way it played out as yesterday’s rally has taken the U.S. into neutral/slightly overbought conditions. A follow-through today will allow the Daily Battle Plan Model Portfolio […]
Overbought Globally, Oversold Locally
The global market environment I mentioned yesterday with many countries around the globe being overbought and the U.S. being oversold remains the same today. It’ a bit odd to see the U.S. lag like this but one good day’s rally will take care of this. The futures are showing a higher open as of 7 […]
How to Short Stocks in a Low-Volatility Environment
Recently we’ve been working on a strategy for shorting stocks using ConnorsRSI as one of the primary indicators. You can find complete details in one of our quantified Strategy Guidebook: Short Selling Stocks with ConnorsRSI, but the basic idea is to use a limit order to short stocks that have achieved both an oversold ConnorsRSI […]
A Quick Pullback Opens Opportunities
There’s been a short-term change in the environment with many countries around the globe being overbought and the US being oversold. Based on the early morning futures the pullback is going to continue and this may offer us an opportunity to gain additional long exposure at advantageous prices. Making You a Better Trader To improve, […]
Getting Ready for Monday Morning’s Trading 8/10/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning’s trading. Click here to join Larry Connors and optionMonster® co-founder Pete Najarian to learn their 3 core SPY trading strategies in a free webinar this Wednesday. The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s […]