RSI25 is one of the successful strategies developed more than five years ago and detailed in High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading. In back-testing on 20 of the most liquid ETFs for as long as the ETF had been traded, a period of up to 15 years, 77% of… [Read More]
ConnorsRSI
Two Leveraged ETFs with High Probability Buy Setups
In a volatile market like we’ve experienced recently, short-term traders can enjoy large gains in just days. Leveraged ETFs can be used to increase the potential trading gains. For example, SPDR S&P 500 ETF (NYSE: SPY) gained 4.3% in the final three days of last week. ProShares Ultra S&P500 (NYSE: SSO) is designed to move… [Read More]
Stocks Are Overbought but When is the Right Time to Short?
After Friday’s gain, SPDR S&P 500 (NYSE: SPY) has closed above its 5-day moving average (MA) for 26 consecutive days. The chart below, from the PowerRatings web site, shows SPY with its 5-day MA. For most of the past five weeks, SPY has been overbought with a PowerRatings of 3. PowerRatings are based on the… [Read More]
Two Leveraged ETFs with High Probability Buy Setups
Leveraged ETFs can make large price moves in a short amount of time an attribute that makes them appealing to short-term trades. With the right strategies, leveraged ETFs can be profitable for short-term traders. In the guidebook Trading Leveraged ETFs with ConnorsRSI we provide details on two dozen strategy variations with a win rate above… [Read More]
One ETF For Monday with 6 of 7 High Probability Buy Signals in Place
Through back testing and experience, we have demonstrated that buying dips is one of the most effective trading strategies for short term trading. This idea can be quantified in a number of ways. Specific rules with test results are presented in the book High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading…. [Read More]
Leveraged ETFs Offer Trading Opportunities for Bulls and Bears
Traders might be struggling to understand the direction of the long-term trend in stock prices after last week’s 4.2% rally in SPDR S&P 500 (NYSE: SPY). That ETF has now retraced more than half of the 9.9% decline that began in September. SPY is now once again above its 200-day moving average and is overbought… [Read More]
Time for Trading Strategies to Shift to Bear Market Mode
Last Monday, SPDR S&P 500 (NYSE: SPY) closed below its 200-day moving average (MA). We have demonstrated the importance of trading in the direction of the long-term trend for many years. How Markets Really Work is a book that we first published in 2004. Based on data, we determined that the direction of the long-term… [Read More]
ConnorsRSI VIX Strategy Identifies Up Days in Down Markets
As prices fall, the mentions of volatility increase. Trading SPY with VIX and ConnorsRSI describes how to trade SPY based upon volatility and identifies the exact time to buy and sell based on quantified rules. To be tradable, a market-related insight should be quantified. In Trading SPY with VIX and ConnorsRSI we explain exactly how to use… [Read More]
Fifteen Deeply Oversold Potential Buys for Monday’s Open
The stock market is now showing signs of weakness that can no longer be ignored. ETFs tracking major market indexes include a few potential buys and two that should be avoided if the goal is to buy a short-term pullback in a long-term uptrend. The table below shows several index ETFs. Because iShares Russell 2000… [Read More]
More than 150 Stocks Remain Oversold Despite Market Rally
SPDR S&P 500 ETF (NYSE: SPY) recovered from Tuesday’s selloff with a 1.75% gain on Wednesday. The rally was broad with 78% of New York Stock Exchange-listed stocks ending the day up. On the NASDAQ, 69% of stocks were higher for the day. Despite the large gains in many stocks, there were a number of… [Read More]