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At These Levels, Caution

The VIX is up approximately 100% since Dec 5. It’s not often you see the VIX double in under two weeks but the demand for protection has skyrocketed with energy, bank lending exposure tied to energy prices, Russia, and today’s Fed meeting making for the perfect storm. If the Fed announcement today is in line […]

Being Prudent Here and Keeping Position Sizing In-Check is the Key

The overriding theme since last week is as energy prices go, so will the market go. Now there’s Russia in the picture, bank balance sheets around the world potentially exposed to loans pegged at $80 oil, along with tomorrows Fed announcement. Yellen’s policy has been to “manage volatility” and had the world’s markets been quiet […]

As Oil Moves, the Market will Move

The expected oversold bounce occurred yesterday and lasted a full 4 1/2 market hours briefly taking the market to a short-term overbought condition. The pullback that then occurred, followed by this morning’s opening pullback, will again make the market oversold. Markets tend to obsess on one item at a time and right now that one […]

This Panic Often Leads to Short-Term Bounces

Oversold combined with panic selling in oil stocks. This panic often leads to short-term bounces and we’re within a day or so of one here. Today’s Potential Opportunities on Further Pullbacks: ETFs: DIA

Hedge Fund Havoc Day

What you saw yesterday was an example of hedge fund havoc day. 4 of the 5 biggest gainers on Tuesday in the S&P 500 were stocks which had dropped over 25% in the past three months. And the largest % losers came mostly from lower volatility stocks which have risen over the same period. The […]

The Pullback May Last a Few Days

The market is slightly oversold today with most of the major index ETFs showing ConnorsRSI readings under 30. This is the first day of the pullback so it may last a few days and it provides an opportunity to begin scaling into US index ETFs. Today’s Potential Opportunities on Further Pullbacks: ETFs: QQQ

A One-Day Pullback will Provide Edges

The market is neutral today with most of the major index ETFs showing ConnorsRSI readings in the 50-70 range. A one-day pullback will provide edges to the long side. Today’s Potential Opportunities on Further Pullbacks: ETFs: QQQ

We’ll Wait for the Next Pullback

A very normal follow-through day following the rally from oversold conditions and the market is now moderately overbought. We’ll wait for the next pullback.

The Market is Now Back to Neutral

Yesterday’s rally was very typical of a traditional swing trade in the major indexes. Daily Battle Plan subscribers should have locked in their gains in SPY on the close last night. The market is now back to neutral and we’ll wait for the next pullback. Today’s Potential Opportunities on Further Pullbacks: ETFs: IWM

A Number of Country Fund ETFs Showing CRSI Readings Under 20

The market is now oversold with a number of Country Fund ETFs, including SPY showing ConnorsRSI readings under 20. The pullback may continue a few days because of the strong recent rise but it should be viewed as an opportunity to buy. Today’s Potential Opportunities on Further Pullbacks: ETFs: IWM