Will the Easing Continue?
Monday was a good rally from oversold conditions and the market is now back to neutral territory. With VIX rising again and closing at its highest level since October, there’s a lot of protection in place for this week’s Feds announcement. Any sign that the easing will continue has the potential to push prices significantly […]
All Eyes on the FED…
The market remains oversold and due for a bounce. With all eyes of the FED announcement this week, the likelihood of an outsized move has increased. Today’s Potential Opportunities on Further Pullbacks: Stocks BRS ETFs QQQ For today’s official Daily Battle Plan set-ups click here. Making You a Better Trader To improve, you must continuously learn… […]
Market Due for a Bounce…
The market is obviously oversold and due for a bounce. Yesterday volatility, especially VXST barely moved and that is usually (not always) a sign that a rally is very close. For a free trial to the Daily Battle Plan, click here!
SPY Down, VIX Jumps
Wednesday was only the 18th day in 2013 that SPY lost more than 1%. The VIX jumped over 10% and VXST (9 day volatility) spiked over 20% which is an exceptional one day move. It appears that the panic button was hit on Monday as protection is being purchased ahead of the December 18th Fed […]
VXST Spikes Again
Tuesday was the second day in a row that VXST (9 day volatility) had a spike and this time it was even larger than Monday’s spike. This movement in VXST is nearly identical to the movement seen ahead of last week’s downward move followed by Friday’s rally. This type of buying of short term protection […]
Not Your Typical Russell Response
Monday was a typical bull market follow through day for the S&P after Friday’s rally. What was not typical was the muted response in the Russell and the 5% spike in VXST (9 day volatility). At this point no one in the mutual fund industry is going to risk giving up big gains for the […]
Perfect Rally From Oversold
Friday was the perfect rally from oversold conditions and the bull market marches on. For those of you who took the signals from the Daily Battle Plan Model Portfolio, you should have locked in your gains on Friday’s close. Overall there are few edges either way and we’ll wait until larger edges appear. For a […]
As the Jobs Report Goes…
This is being written on Thursday evening ahead of the jobs report. Based on the way the market has behaved this week, on top of the fact that volatility began moving higher late last week while the overall market was still rising, it’s become obvious that someone believes they have knowledge about the report that’s […]
VIX Spiked & Plunged…
The market remains oversold. The VIX spiked and then plunged from its highs in the afternoon which is always a good sign of capitulation ahead of a rally. There are still many stocks with extremely low RSI readings and any type of good news is likely going to lead to a resumption of the bull […]
VIX Rises for 6th Straight Day…
The market is now oversold with a ConnorsRSI reading of 18.26. What’s interesting is to see the VIX rise for the sixth consecutive day, a fear reading that has been rare over the past two years. With so many stocks and ETFs oversold, the market is likely nearing a short-term bottom within a a day […]
Yesterday’s Pullback was Due…
Yesterday I mentioned the 2-perod RSI in QQQ and IWM had reached 99 on Friday and those levels as we know are unsustainable. Yesterday’s pullback was due and it leaves the market today in a slightly oversold condition. Please note that we jut published new research on trading Moving Averages. You can download our latest […]
Market Hits Extremes Before…
On Friday the 2-period RSI of QQQ and IWM reached intra-day readings above 99 which are unsustainable levels and the fast sell-off near the close was the results of the extremes the market had reached. After 8 straight weeks higher closing prices, combined with the market being overbought, a short-term pullback/pause is in the works […]