ETF Buy List Grows as Stock Market Declines
Major stock market indexes were down slightly yesterday. Among the day’s biggest losers were small caps, especially biotechs and other tech stocks. iShares Russell 2000 (NYSE: IWM) fell 1.14% and PowerShares QQQ (NASDAQ: QQQ) was down 0.88%. The decline pushed a number of ETFs into an oversold condition and heading into Tuesday’s trading, twelve ETFs […]
Questions from Congress About Drug Prices Lead to PowerRatings Signals
Gilead Sciences (NASDAQ: GILD) recently began offering a new hepatitis drug. Experts note that GILD’s drug helps about 90% of patients who take the drug and has few side effects. Older drugs only helped about half of the patients and had a number of side effects. While GILD’s drug offers medical benefits, the price tag […]
Gold Oversold on PowerRatings and Seven High-Probability Trading Strategies
SPDR Gold Shares (NYSE: GLD) has fallen more than 4.3% from its 2014 highs and has closed lower for four straight days. The ETF now meets the setup rules for all seven buy strategies identified in the book High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading. Gold miner ETFs are also […]
Fed Announcement Pushes Real Estate ETFs to Oversold Condition
Traders reacted quickly after the Federal Reserve announced there would be no significant policy changes in the next few months. Selling was broad-based with major stock market indexes falling 1.3% or more. Bonds also sold off with iShares 20+ Year Treasury Bond (NYSE: TLT) falling 1.1% from its morning high. SPDR Gold Shares (NYSE: GLD) […]
Market Moves to Neutral Ahead of Fed Press Conference
Rising stock prices over the past two days have moved the market from oversold to neutral. Tech stocks have been among the biggest winners in the rally that has almost completely retraced the big losses seen last Thursday. PowerShares QQQ (NYSE: QQQ) has gained 2.1% in the first two days of the week, the biggest […]
Three Major Indexes Are Still Potential Buys After Monday’s Rally
Stock markets rallied broadly on Monday with SPDR Dow Jones Industrial Average (NYSE: DIA) gaining 1.07%. ETFs tracking all major market indexes and all sectors except for miners were up on the day. Despite the gains, PowerRatings shows there are a number of potential buys for Tuesday. Among the indexes, DIA is oversold with a […]
Developed Markets Could Rally From Oversold Extreme
Last week’s market moves were largely driven by news. Traders wondered whether or not China’s economic slowdown and Russia’s involvement in the Ukraine would have a lasting impact on financial markets. In the short-term, we are unlikely to know the definitive answer to either question but we could see a rally in the stocks of […]
Thursday Selloff Creates 182 Buying Opportunities
While we have seen a great deal of volatility in prices over the past few weeks, we have not seen a large number of ETFs become overbought or oversold on any given day. Yesterday’s selling led to a number of buy set ups on PowerRatings. Heading into Friday’s trading, 113 non-leveraged ETFs, an additional 32 […]
Warren Buffett & the Billion Dollar Bracket
With March Madness about to kick off we wanted to take a second and discuss something at the intersection of sports and investing. The odds of a non-sports fan picking a perfect bracket this March is about 9.2 quintillion to 1.* So you can probably say it’s a safe bet that Warren Buffett will not have […]
Schedule of Events at TradingMarkets
TradingMarkets 2014 Summit SERIES Quantified Options Trading Strategies Summit 2014 (On – Demand) Trend Following Summit (On – Demand) The Volatility Spikes Trading Program (On – Demand)
Five European ETFs Return to Oversold Extremes
Most European stock markets became oversold last week after Russia’s intervention in the Ukraine. In the first part of this week, several markets recovered and moved back towards a neutral position. Despite a lack of new developments in the region, stock markets in several countries fell back into oversold territory yesterday. Five ETFs tracking European […]
Small Cap Index ETFs Oversold After a 5-Day Losing Streak
iShares Russell 2000 (NASDAQ: IWM) is oversold after five consecutive down closes. After falling only 2.09% below its all-time high, the ETF is a possible buy candidate with a PowerRatings of 9. Leveraged ETFs tracking the small cap stock index are also oversold. Each of these ETFs has a PowerRatings of 9, a ConnorsRSI reading […]