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Right Back to Neutral

Yesterday’s bounce took the market from oversold to neutral. With today being another Friday in August, unless something out of the ordinary happens, expect volume to be significantly lighter. We’ll lock in our gains in the Daily Battle Plan Model Portfolio on a follow-through. Making You a Better Trader To improve, you must continuously learn… […]

A Soft Sell-Off Leaves the Market Oversold

In the perfect world, yesterday would have sold off a lot harder but they did do a good job of taking out a lot of the hot money (look at STXS, FLR, and CSIQ). Another down day (especially a large down day) will be very healthy. Overall the market is oversold and is beginning to […]

How to Scale Into your Trading Positions

Traders can find the optimal levels to scale into their positions by using the ConnorsRSI indicator, yielding them lower average purchase prices and higher overall gains on their trades. ETF Scale-In Trading includes more than 20 variations of this high probability strategy that have shown winning trade rates of over 92.8% throughout our historical back-testing. […]

Market Dips Into Oversold Territory

The market has now pulled back two days in a row and is slightly oversold. Ideally it will see 2-3 days of additional movement to the downside, especially a cumulative large move. There’s too much “complacent money” trading/investing today and it’s healthier longer-term to flush this money out with a sharp significant decline. Should this […]

Low Volatility, Low Volume

The market is now neutral after yesterday’s small pullback in the S&P. Volume has disappeared due to summer trading and low volatility. Should the pullback continue today, we’ll take advantage of it in SPY. Making You a Better Trader To improve, you must continuously learn… Ernie Chan is one of my favorite researchers and I […]

Volatility Takes a Dive

The market is slightly overbought and with volatility imploding, it will only take a small pullback here to make it oversold. We’ll take advantage of that pullback should it occur via the US markets. Making You a Better Trader To improve, you must continuously learn… On August 7 & 8 I will be conducting a […]

Getting Ready for Monday Morning’s Trading 8/5/13

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning. Do you want to learn specific, systematic, and simple‐to‐apply rules to trade S&P 500 stocks on your own terms? Click here to learn how.  The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s trading. Click […]

High Probability-Low Stress Day Trading

The SPX was +13.4% in 2012 and +18.6% YTD as of the intraday 7/23/13 1698.78 high. It closed the month +4.9% at 1685.72 and +18.2% YTD. It is an artificial market inflated by the Fed, and the ending will be ugly. How can you not significantly reduce the percentage of your long equity portfolio allocations […]

Short-Term Pullback in the Making

A successful trade in EWJ makes the record now 26 out of 27 successful trades in the Daily BattlePlan Model Portfolio since Sept 2012. The market is overbought and with the ConnorsRSI reading in SPY at 88, I expect a pause/short-term pullback within 1-2 days. Have a great weekend! Making You a Better Trader To […]

Volatility Plummets, Neutral Conditions Linger

As I mentioned yesterday the market is in neutral territory with few short-term edges on either side. Volatility collapsed after the Fed announced that policy was going to remain the same. Such behavior is very typical as the market was pricing in any potential for change. When none occurred, volatility levels adjusted to reflect this […]