PowerRatings Highlights Potential Vulnerability of Stock Market
Most of the stock market is stuck in neutral with only a few strong buy or sell setups. Among oversold stocks and ETFs, many are in one sector. Seven non-leveraged U.S. sector ETFs will start trading today with an oversold PowerRatings of 9 or 10. Six of those ETFs are in the real estate or […]
6 Technical Indicators to Identify the Most Oversold Stocks & ETFs
Here are the 6 technical indicators you need to identify the most oversold stocks and ETFs every day: ConnorsRSI, the first and only quantified oscillator for traders to apply to their stocks, ETFs, and options trading 2-Day RSI 4-Day RSI Down Days Bollinger Bands® (%b) 5 Day Stretch MA You can learn more about these […]
PowerRatings Points to High Probability Potential Trades in ETFs
PowerRatings can be used as a stand-alone trading strategy or it be combined with other indicators to find potential buys. On the PowerRatings web site, traders will find several lists with the highest rated stocks, ETFs and leveraged ETFs. These symbols could be used to create a watch list for potential buy signals. PowerRatings are based […]
Biotech Most Oversold Sector in Market
Stock market volatility is likely to be high today as traders react to the unemployment report. ETFs that are already oversold could among the biggest winners if the market moves sharply after the report. There are only seven ETFs that are oversold with a PowerRatings of 8 heading into trading today and four of those […]
Only Vietnam Remains Oversold Among Country ETFs
Reacting to news from the Ukraine, stock markets around the world sold off on Monday but most have quickly recovered. Heading into trading on Tuesday, thirteen foreign market equity ETFs were oversold. Only one, Market Vectors Vietnam ETF (NYSE: VNM), remains oversold. VNM is nearly twice as volatile as SPDR S&P 500 (NYSE: SPY) and […]
AKRX Oversold on Three Indicators After Earnings Disappointment
Specialty drug maker Akorn (NASDAQ: AKRX) dropped more than 18% on Tuesday after reporting earnings that beat estimates for the quarter but disappointed investors when management provided guidance for 2014 that was lower than analysts expected. The stock is now oversold on a number of indicators including ConnorsRSI and PowerRatings. Heading into today’s trading AKRX […]
Learn Connors Research Most Powerful Swing Trading Strategies in 1 Day
Watch our free informational webinar with Larry Connors to learn about the TradingMarkets 2014 Advanced Swing Trading Summit. The 2014 Advanced Swing Trading Summit, which will be conducted on April 5, will be your final opportunity to learn how to swing trade, directly from Larry Connors, using a professional, systematic, data-driven approach to trading that […]
PowerRatings Highlight Two Sectors for Potential Rebound
Yesterday’s market selloff did not push many stocks or ETFs into oversold territory according to PowerRatings which identifies high probability trading opportunities. Only two sector ETFs are oversold with PowerRatings of 8, Utilities Select Sector SPDR (NYSE: XLU) and SPDR S&P Biotech ETF (NYSE: XBI). Among individual stocks, there are also relatively few buy setups. […]
Top 5 Winners from S&P 500 Low-Volatility Growth Portfolio
The following trades are the 5 biggest winners in the S&P 500 Low-Volatility Growth Portfolio from February 1, 2014 to February 28, 2014. Symbol Entry Price Exit Date Current/Exit Price % Gain ORLY $130.98 02/07/2014 $147.88 12.90% TDC $41.12 02/24/2014 $45.72 11.19% BMY $48.36 02/12/2014 $52.84 9.26% COL $75.56 02/24/2014 $82.47 9.15% CERN $56.30 Open […]
Questions About Questcor Lead to Another Oversold Market Leader
Some of last year’s biggest winners have been selling off over the past several weeks and providing potential buying opportunities. Questcor Pharmaceuticals (NASDAQ: QCOR) is the latest stock to pull back after recording large gains in the bull market. QCOR gained more than 1,800% since 2008 and more than doubled last year. The company derives […]
Yellen Blames Weather and Soothes Bond Traders
Federal Reserve Chair Janet Yellen testified before the Senate yesterday and explained that the Fed is watching economic data to be sure the recent weakness seen in the economy was caused by unusually severe winter weather. Since weather is to blame, she said she expect the Fed to continue tapering unless there is a significant […]
Update on Volatility Spikes – Program Trades
A quick update on the Volatility Spikes Trading Program… Since it’s release, several customers have provided us with very positive feedback and another has recorded 6 straight wins with returns ranging from 18% to 93%. Volatility Spikes has given me 6 straight wins and I thought I would share my results. Thanks for all of […]