Improve Your ETF Trading with Win Rates Over 90%
As we continue to explore new research possibilities with ConnorsRSI we continue to find that incorporating this indicator into trading setups can deliver extraordinary results. Connors Research has recently developed a new strategy with ConnorsRSI that has delivered historic win rates of greater than 90% on over a dozen variations. Along with a high probability […]
Twelve of Thirteen Sectors Oversold After Market Selloff
The stock market’s recent selloff has been broad based and all sectors except utilities are now oversold according to PowerRatings. Most major market indexes are also oversold, with the exception of the NASDAQ 100. PowerRatings are based on the relative strength or weakness of particular stocks or ETFs. The higher the rating, the greater the one […]
Leveraged Dow ETFs Oversold
The Dow Jones Industrial Average has been leading the market higher and lower over the past several weeks. After selling off for three days last week, ETFs that track the Dow are now oversold. ProShares Ultra Dow30 (NYSE: DDM) and ProShares UltraPro Dow30 (NYSE: UDOW) will both start trading on Monday with PowerRatings of 10. […]
How is ConnorsRSI Different than Traditional Indicators?
ConnorsRSI provides valuable information in that it quantifies: how overbought or oversold prices are; the duration of the recent trend; and the magnitude of the most recent price change. Combining these factors into a single indicator helps identify the best trading opportunities since ConnorsRSI is designed to be more responsive to the current market action. […]
Popularity of Monster Worldwide Uncovers a Buy Signal
One of the lists users can find at the PowerRatings web site is a list of the most requested stocks. These are the stocks users have looked up the most often. PowerRatings users tend to be real traders and the stocks they find interesting are often not among the most popular stocks that many individual […]
Spanish Stocks Oversold Despite Good Economic News
Economic conditions in Spain have improved enough for the country to sell €10 billion in bonds. The country actually received bids for €40 billion worth of bonds, prompting government officials to note that “funding conditions for Spain have normalized.” The Spanish economy returned to growth in the third quarter of 2013 and the 0.3% increase […]
NFLX Oversold Heading Into Earnings Report
Netflix (NASDAQ: NFLX) will announce its earnings after the close today. The stock is oversold with a PowerRatings of 8. NFLX is a volatile stock with a 100-day volatility that is almost four times greater than the volatility of PowerShares QQQ (NASDAQ: QQQ) and the earnings report could be a catalyst for a large move. […]
Four Sector ETFs Starting the Week Oversold
At the PowerRatings web site, users can set up customized portfolios that allow them to gain unique market insights. A portfolio could include stocks on a trading watch list or a group of ETFs that provide a broad overview of the market. The portfolio below includes thirteen high-volume SPDR sector funds. SPDR S&P Retail ETF […]
Scale In Trade to Inverse Gold ETF Could Benefit From Potential Decline in Gold
SPDR Gold Shares (NYSE: GLD) has started the year with a gain of 3.16% and is approaching an overbought level. An inverse gold fund that gains when gold declines, PowerShares DB Gold Double Short ETN (NYSE: DZZ), has fallen to an oversold level with a PowerRatings of 8. PowerRatings are based on the relative strength or […]
Four ETFs Oversold While Market Stuck in Neutral
With a gain of 0.54% yesterday and a two-day gain of 1.63%, SPDR S&P 500 (NYSE: SPY) is now at breakeven for the year. Despite the large rally over the past two days, most stocks are ranked neutral by PowerRatings. Only one stock (Sprint (NYSE: S)) is oversold with a PowerRatings of 8 or higher. […]
Stock Market Closed on Martin Luther King, Jr. Day
The US Stock Market will be closed on the following date: January 20, 2014 Please note that Larry Connors will be hosting a free preview webinar for the TradingMarkets Summit Club on Monday Jan 20, 2014 at 1pm ET. You can register here if you would like to learn more. Upcoming Stock Market Holiday Calendar […]
In An Overbought Market, Real Estate ETF Offers a Potential Buy
ProShares UltraShort Real Estate (NYSE: SRS) is among the few oversold ETFs offering a potential buying opportunity. Like most other asset classes, real estate has become overbought. SRS is an inverse fund that gains when real estate declines. While stocks are generally overbought, inverse funds of major stock market indexes are not yet oversold. SRS […]