A Pause Before Buying…
Yesterday was a traditional “pause day” after a large one day move. The market is slightly overbought and any larger move to the downside should be viewed as a buying opportunity. For today’s official Daily Battle Plan set-ups click here.
Global Markets, Commodities and the US Uptrend…
A textbook bull market rally from the pullback and the Daily Battle Plan Model Portfolio was able to buy a unit of SPY on Thursday’s swing low. If you took the signals you should have locked in your gains on Friday’s close. The market has changed over the past couple of weeks and we should […]
S&P Loss Coincides with Extreme Optimism…
Yesterday was only the 17th day of the year that the S&P lost more than 1% for the day. This coincides with a report of the extreme optimism that exists (meaning everyone is all-in)… A short-term 2-5% pullback would be healthy here and certainly normal within a longer-term bull market. This pullback will then push […]
The Pattern that Repeats Itself…
The same pattern that’s repeated itself throughout 2013 played itself out again yesterday and the market is slightly overbought. As I’ve mentioned, this bull market is being made up of the majority of the days moving less than 1%. Rising prices and low volatility is the hallmark of classical bull markets and this one is […]
How Close is the Next Rally?
The US is moderately oversold and most of the world is more oversold (the World Country Fund ETFs have a ConnorsRSI reading of 27.03 today). If the same pattern that’s repeated itself throughout 2013 plays itself out again, we’re within a day or so of a rally. Today’s Potential Opportunities on Further Pullbacks: Stocks PBCT, […]
Waiting on Europe….
No change from yesterday. Possible some news from Europe will pause the market for a few days but the persistent rise will continue barring an out of the ordinary event. Today’s Potential Opportunities on Further Pullbacks: ETFs SMH For today’s official Daily Battle Plan set-ups click here.
Friday’s Rally Moves Market Back to Neutral…
Friday’s small rally takes the US markets back to neutral from their oversold conditions. Low inflation, low interest rates, and an accommodating Fed will likely keep things moving ahead for a while. Last week’s pullback was small and a further pullback would be welcomed but in the meantime this market is likely going much higher. […]
Will this Pullback Pick up Steam?
The US markets are now oversold and with over 80% of the liquid country fund ETFs trading with ConnorsRSI readings under 30, the short-term pullback is global. The best scenario would be for this pullback to pick up some steam and last a few days in order to set up the next move higher. In […]
Global Markets Move into Oversold…
3 World Series in 10 years and that’s known as reversion to the mean for last century. Yesterday’s pullback was in-line with normal bull market behavior. A number of the global markets had much larger pullbacks and many are now oversold. (You can view the ConnorsRSI for ETFs here.) We’ll look to enter the US […]
The Low Volatility Bull Market Continues…
Another day up less than 1% day and the low volatility bull market continues. In spite of this rally, the market is only mildly overbought and the world markets are neutral. VIX is quiet and unless something out of the ordinary occurs the path is going to remain higher. For today’s official Daily Battle Plan set-ups […]
When SPY & VIX Diverge…
Since January 2012 over 80% of the trading days have seen closing SPY moves of under 1% and yesterday was no exception. Bull markets climb and do so on low volatility as we’ve seen the S&P climb over 40% in 22 months. All the guessing that is going on about the bull market top really […]
Analysts Guessing Top is Near, but…
The market is neutral worldwide and slightly overbought in the US. Volatility continues its downward movement and nearly every part of the market’s behavior is classic bull market behavior. There is an abundance of analysts guessing that a top is near and in every bull market groups like this exist so that they can then […]