Market Moderately Oversold Heading into Tuesday Trading
Good Morning, The market is moderately oversold with SPY and QQQ showing ConnorsRSI readings just under 30. The world markets continue to behave in typical bull market/bear market fashion with those countries above their 200 day trending higher with small pullbacks while those below the 200 day such as TUR, EWS, EWA, EWW, and EWM […]
Special Invitation to Daily Battle Plan Readers
Good Morning. The market coming into today is neutral and there are no substantial short term edges. Ideally we wait for larger edges to occur and therefore it’s best to pause a day until those edges appear. Have a great weekend! For a free trial to the Daily Battle Plan, click here! Special Invitation: Join […]
Emerging Markets Offer Opportunities…
Good Morning. Yesterday was a normal follow-through day from Tuesday’s rally that came from oversold conditions. The US is overbought today and a pause/pullback is expected within a day or so. Emerging market ETFs offer the best opportunities on the short side, especially if they continue to rally. For a free trial to the Daily […]
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.