Another Winning Trade
Another winning trade for the Daily Battle Plan Model Portfolio in SPY and now the market is slightly overbought. As we continue to see, there is cash out there to keep moving the market higher. It’s not occurring in surges of buying (this is healthy). As we always do, we’ll now patiently wait for the […]
Heavy News and Report Day
The two day-rally as expected from oversold conditions. Today the market is in short-term neutral/slightly overbought territory with the major indices showing ConnorsRSI readings in the upper 60’s/low70’s. Today is a heavy news and report day so the likelihood of wider market range is increased. For a free trial to the Daily Battle Plan, click […]
Month End Upward Bias
Just when the sky looked like it was going to fall in, the market miraculously rallied mid-day yesterday just like it did earlier in the month after it declined. It appears at least for now that the powers that be prefer to see rising asset prices so the bull market marches on. As long as […]
Lots of Interesting Activity
A good pullback on Friday (somewhat expected) and the market is now slightly oversold. This week will be eventful with estimated GDP, FOMC and the employment report in the queue. Add in the traditional month end upward bias and it will make for lots of interesting activity. ETFs: DIA For a free trial to the […]
Implied Volatility Has Begun to Rise
The market heads into the day in neutral territory as most of the major Country Fund ETFs have ConnorsRSI readings in the 50’s and 60’s. Implied volatility has begun to rise the past two days in anticipation of a pullback. But with the end of the month upward bias now in place, any pullback will […]
US is Neutral, Apple’s Earnings
A number of country fund ETFs are oversold this morning as global selling hit the markets yesterday. The US is neutral but Apple’s earning will open the indices in overbought territory. A reversal will provide a good buying opportunity today. Today’s Potential Opportunities on Further Pullbacks: ETFs: QQQ For a free trial to the Daily […]
The Anticipation of a Pause/Pullback
Rising prices and declining implied volatility remain in place as the bull market continues on. At this point the market is overbought and you could see that late day intraday rise in VIX showing the anticipation of a pause/pullback. Such behavior would be normal here and will likely occur within a day or so. For […]
The Daily Hallmark of a Bull Market
A quietly rising market with lowering implied volatility is the daily hallmark of a bull market. Outside of an unforeseen event, the market will likely continue its longer term rise. Shorter term there are no edges here today and we’ll patiently wait for the next pullback to trade. For a free trial to the Daily […]
VIX Trading Back Near Two Month Lows
Thursday’s pause was as expected from overbought conditions and the market is now only slightly overbought. The VIX, after spiking to above 17 is now trading back at near two month lows which again reaffirms the bull market. The next day or so is a toss-up but longer term, as we have been saying for […]
IMB and Google’s Earnings
With all three major US indexes showing ConnorsRSI readings above 80, the market is overbought and due for a near term pullback/pause. IMB and Google’s earnings will create a good reason to put the brakes on the recent rise and allow the market time to get ready for the next wave higher. For a free […]
The Upward Glide in Volatility
Yesterday’s follow-through rally occurred as normally does occur in bull markets and the market is now slightly overbought. The Daily Battle Plan Model Portfolio exited its long position in SPY on the close. This is the 70th trade in SPY since the inception of the Battle Plan Model Portfolio – the historical track record is […]
Market Back to Neutral Conditions
Implied volatility collapsed in the last 30 minutes of trading with VIX losing over 5% for the day and the more sensitive VXST losing over 9%. The fear during the intra-day sell-off in equity prices was extreme and the rally was a good relief rally. A follow-through today is what is needed/expected because there’s a […]