Another Market Leader, Green Mountain Coffee Roasters, Stumbles
Green Mountain Coffee Roasters (NASDAQ: GMCR) gained more than 65% in the first weeks of 2014, adding to gains of more than 80% in 2013. GMCR is up more than 2,300% since bottoming in 2008. This market leader has now pulled back and is set up as a potential buy with a PowerRatings of 9. […]
Market Leader Micron Technology Oversold
Micron Technology (NYSE: MU) has been among the leaders in the bull market that began in 2009 with a gain of more than 1,400% since bottoming in the bear market. In 2013, MU was once again among the biggest gainers in the S&P 500 with a gain of more than 250%. In the first weeks […]
US Steel Falls to Oversold on Downgrade
US Steel (NYSE: X) fell 3.36% yesterday after being downgraded to “hold” from “buy” by analysts at Keybanc. This was the second big down day for X in less than a week. The stock fell 7.03% last Wednesday after the Commerce Department announced it would not impose tariffs on steel from South Korea. Tariffs would […]
Dow is The Weakest Major Market Index
Stock prices have become overbought on many indicators but PowerRatings is neutral on most stocks and ETFs tracking major market indexes. Most stocks and ETFs have PowerRatings of 4 to 7 indicating they are neutral. DIAMONDS Trust (NYSE: DIA) is the ETF that is closest to offering a potential buy signal. The current PowerRatings of […]
Weak Economic Data in China Leads to Stock Market Pullback in South Korea
Weakness in China’s economy could lead to a slowdown in South Korea. Moody’s Investor Service warned investors on Thursday that the largest risks to the South Korean economy are slow growth in China and high levels of household debt in Korea. Neither problem appears to be a major concern in the short-term but South Korean […]
Few Buying Opportunities in Overbought Stock Market
After eight consecutive up closes in SPDR S&P 500 (NYSE: SPY), the stock market is generally overbought. However, few stocks have followed the index to extremes. Using PowerRatings, only 27 (5.4%) of the individual stocks in the S&P 500 index are overbought. None are oversold. Stocks in other indexes are also mostly neutral. Only twelve […]
Silver Gains Set Up Buy in Inverse ETFs
iShares Silver Trust (NYSE: SLV) is overbought after gaining 7.2% last week. As SLV became overbought, ProShares UltraShort Silver (NYSE: ZSL) has become oversold. ZSL has been oversold for most of the past two weeks. The longer a market is oversold, the more likely it is to reverse. Heading into the open on Monday, ZSL […]
Introducing Rapid Profit Target Trading Program
We’re proud to announce the TradingMarkets Rapid Profit Target Trading Program (RPTT). This Program is specifically for traders who are looking to rapidly trade positions with a historically high degree of success. Special Offer (LIMITED TIME) Order Online and save 25% off RPTT – order here. In 2013, Connors Research invested a significant amount of […]
LivePerson Disappoints Investors and Becomes a Potential Buy
LivePerson (NASDAQ: LPSN) provides companies with the ability to connect with their customers in real-time with chat, voice and video services through websites, social media and mobile devices. The company recorded more than $173 million in sales over the past twelve months. In the most recent quarter, LPSN announced results yesterday that beat analysts’ earnings […]
Herbalife Pulls Back in a Long-Term Uptrend
Buying pullbacks in stocks that are in long-term uptrends can be profitable as we demonstrated in How Markets Really Work. Herbalife (NYSE: HLF) is an example of a stock that provides a buying opportunity under that idea now. HLF has been moving higher for more than a year and remains above its 200-day moving average, […]
US Stock Market Closed on Monday – Presidents Day
The US Stock Market will be closed on the following date: February 17, 2014 in observance of Washington’s Birthday. Upcoming Stock Market Holiday Calendar 2014 New Years Day January 1 Martin Luther King, Jr. Day January 20 Washington’s Birthday February 17 Good Friday April 18 Memorial Day May 26 Independence Day July 4** Labor Day […]
SPY Returns Nearly Two Standard Deviations Above Average
Stock prices continued moving higher yesterday after Federal Reserve Chair Janet Yellen indicated she would continue with a policy of easy money. SPDR S&P 500 (NYSE: SPY) is now 4.67% above the low reached last Wednesday. A chart displaying returns distributions is available at Trading Market Analytics and the one-week returns for SPY are shown […]