Trading Markets

Four High Probability Trades for Monday

Stocks ended lower last week and have declined for the past two weeks in a row. For now, traders should continue to view market weakness as a buying opportunity in a long-term uptrend. The 200-day moving average (MA) can be used to define the direction of the trend. SPDR S&P 500 (NYSE: SPY), for example, […]

Market Leaders Could Reignite Rally

Major stock market indexes are 2-3% below their recent highs, sparking fears of a steep selloff on the horizon. A selloff in the long-term is possible but in the short-term, several ETFs have become oversold and present potential buying opportunities. Financial stocks have been among the market leaders in this most recent bull market. Financial […]

Small Caps Oversold After Wednesday’s Selloff

The stock market sold off yesterday and small caps were among the hardest hit stocks. iShares Russell 2000 (NYSE: IWM) fell 1.64% and Direxion Daily Small Cap Bull 3X Shares (NYSE: TNA) dropped 4.97%. Both ETFs ended the day with PowerRatings of 9. PowerRatings are based on the relative strength or weakness of particular stocks or […]

Guggenheim Spin-Off Oversold According to Two Systems

Guggenheim Spin-Off (NYSE: CSD) is one of this year’s biggest winners with a year-to-date gain of more than 53%. CSD has sold off over the past several days and is now oversold. CSD is oversold with a PowerRatings of 10 and also meets the rules as a potential buy according to the rules fully detailed […]

Questcor Offers Value, Income and a PowerRatings Buy Signal

Quesctor Pharmaceuticals (NASDAQ: QCOR) has increased sales from $115 million in 2010 to more than $760 million in the past twelve months. Despite the rapid growth, QCOR trades with a P/E ratio of 12 and offers a yield of 2.0%. The low valuation is probably due to the fact that skeptics question the sustainability of […]

Friday Rally Created Few Buying Opportunities

According to headlines, traders pushed stock market averages higher on Friday after a better than expected jobs report. The more likely explanation is that the market rebounded after becoming deeply oversold during a multiday selloff. Friday’s action pushed most market averages into neutral territory and most stocks are also rated neutral. Only two stocks in […]

Learn How To Successfully Trade with the ConnorsRSI Indicator

Last year, Larry Connors and Connors Research introduced a powerful new indicator to the trading community – ConnorsRSI.  Several high-probability trading strategies have been developed using this indicator and a few of the very best strategies will be included in the upcoming TradingMarkets Swing Trading College. Now in its 9th year, Swing Trading College is […]

Ulta Earnings Miss Comes as Stock is Oversold

Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA) is on our list of the most oversold stocks with a ConnorsRSI of 0.93. After the close yesterday, ULTA announced earnings for the third quarter and missed analysts’ expectation. For the quarter, the company earned $0.72 a share, $0.02 below the consensus estimate. For the fourth quarter, company […]

Leveraged Funds Flashing Buy Signals

PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]

SPY Gives a PowerRatings Buy Signal

PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating. For best results, enter these trades with a limit order 3-7% below the previous day’s closing price. Higher % limit entries have […]