ConnorsRSI

There remains very few edges in place coming into today. The market is going to move with Washington. If there’s no movement there will likely be a slow-to-moderate drip lower. Any progress will likely lead to a rally, especially based on yesterday’s behavior with prices moving higher from the opening. Despite the media’s hysteria, shutdowns…    [Read More] 

Yesterday’s healthy bounce was expected and was in-line with normal market behavior. The next few days though could see “abnormal” behavior because as of this writing (late Tuesday night) the government is supposedly closed and non-essential activities, including this Friday’s Jobs Report have been put on hold. Everyone (and I do mean everyone) expects this…    [Read More] 

Yesterday was the sell-off we’ve been looking for and discussing since last week. The market is oversold and due for a healthy bounce. Barring anything out of the norm (meaning absurd) from Washington, a healthy bounce is now due. Today’s Potential Opportunities on Further Pullbacks: Stocks XOM (Exxon Mobil) MKC (McCormick and Company) ETFs IDV…    [Read More] 

Friday I mentioned that “this pullback has been led by the wrong stocks and has been done without a blip in volatility. A news event may take prices higher here, especially as the upward month-end bias in prices is in force. But, short of that news event, a larger pullback would be healthier and more…    [Read More] 

Yesterday’s small rally leaves the market slightly oversold but my concern remains the same. This pullback has been led by the wrong stocks and has been done without a blip in volatility. A news event may take prices higher here, especially as the upward month-end bias in prices is in force. But, short of that…    [Read More]