ConnorsRSI

Yes, I wrote that it was “a bit odd to see the U.S. lag like this but one good day’s rally will take care of this” and that’s the way it played out as yesterday’s rally has taken the U.S. into neutral/slightly overbought conditions. A follow-through today will allow the Daily Battle Plan Model Portfolio…    [Read More] 

The global market environment I mentioned yesterday with many countries around the globe being overbought and the U.S. being oversold remains the same today. It’ a bit odd to see the U.S. lag like this but one good day’s rally will take care of this. The futures are showing a higher open as of 7…    [Read More] 

There’s been a short-term change in the environment with many countries around the globe being overbought and the US being oversold. Based on the early morning futures the pullback is going to continue and this may offer us an opportunity to gain additional long exposure at advantageous prices. Making You a Better Trader To improve,…    [Read More] 

Yesterday’s bounce took the market from oversold to neutral. With today being another Friday in August, unless something out of the ordinary happens, expect volume to be significantly lighter. We’ll lock in our gains in the Daily Battle Plan Model Portfolio on a follow-through. Making You a Better Trader To improve, you must continuously learn……    [Read More] 

In the perfect world, yesterday would have sold off a lot harder but they did do a good job of taking out a lot of the hot money (look at STXS, FLR, and CSIQ). Another down day (especially a large down day) will be very healthy. Overall the market is oversold and is beginning to…    [Read More] 

The market has now pulled back two days in a row and is slightly oversold. Ideally it will see 2-3 days of additional movement to the downside, especially a cumulative large move. There’s too much “complacent money” trading/investing today and it’s healthier longer-term to flush this money out with a sharp significant decline. Should this…    [Read More]