All is Well Again in the World…
Good Morning. And all is well again in the world. The Daily Battle Plan Model Portfolio closed out its long position in DIA it purchased on Mondays close. The overall market is now slightly overbought and we’ll wait for the next pullback. For a free trial to the Daily Battle Plan, click here!
World Markets Slightly Oversold after Sell-off
Good Morning, The world markets have moved from overbought to slightly oversold (especially the US) after yesterday’s sell-off. Some ETFs are at extremes and offer good opportunities and early high probability set-ups. Ideally the market will pull back 1-2 more days as that increases the odds of a larger move higher but scaling-in is the […]
World Indices Overbought…
Good Morning. Outside of the Dow and Japan, most of the world indices are overbought with the ConnorsRSI reading on our Country Fund ETF Universe showing a reading of just above 75. Some of the overbought markets are bear market rallies in ETFs under their 200 day. Sometimes this is an early sign that the […]
Market Remains in Neutral Ahead of Jobs Report
The market remains in neutral territory today and it’s going to take a ½%-1% move in either direction to offer higher edge short-term opportunities. The move today may come from the jobs report; any disappointing news should be viewed as a buying opportunity. Today’s Potential Opportunities on Further Pullbacks: ETFs EWG For a free trial […]
Waiting in Neutral Market Territory for Move
The market is in neutral territory today and it’s going to take a ½%-1% move in either direction to offer higher edge short-term opportunities. Today’s Potential Opportunities on Further Pullbacks: Stocks JCP ETFs EWC For today’s official Daily Battle Plan set-ups click here.
Cash Seeking Equities
The bull market behavior we’ve seen over and over again, played itself out again yesterday with the market rallying after the brief pullback. The bull market in the US remains on and the biggest concerns will be complacency (low VIX) and the length of this bull market. Unless the Fed changes policy, there is still […]
Exuberance Begins to Fade
Some of the exuberance in the US is beginning to fade as the market is pulling back and is now oversold. Yesterday’s decline though was met with a lower VIX reading so there remains little if any fear out there. On a global basis many of the emerging countries under their 200 day ma continue […]
Happy New Year
This year marks my 32nd year in the industry and I’ve not seen a year enter with so much bullishness. Such optimism is a bit disconcerting (I’d much prefer to see Jan 2009 sentiment) and any surprises, especially early in the year will likely be to the downside. A number of world indexes have broken […]
Daily Battle Plan to Resume on January 6, 2014
The Daily Battle Plan will resume on Monday January 6. I want to you a happy and healthy holiday! To learn more about The Daily Battle Plan please click here.
Market Neutral Awaiting a Pulback
If you’ve followed the Daily Battle Plan for some time, you know that yesterday is the traditional pause day after a large one day upward move. What surprised me is the way many of the ETFs that began down trending last month like Brazil (EWZ) and Real Estate (IYR and ICF) reversed their Wednesday gains […]
Tapering Lite Triggered Buying Spree
As we have been seen over the past weeks, there was a large buildup in protection being bought as the VIX rose over 25% from its late November lows. Once “Tapering Lite” was announced yesterday and surprised most of the market, the protection was rapidly unwound and the buying spree was triggered. As things stand […]
A Gradual Unwinding in Anticipation …
If you look at the number of days the market has been down vs. up over the past 3-4 weeks, you’ll see a gradual unwinding of equity positions as many larger asset firms have begun anticipating the slowing of funds from the Fed. The VIX again reached its highest level in two months so you […]