ConnorsRSI

The market is slightly overbought and with volatility imploding, it will only take a small pullback here to make it oversold. We’ll take advantage of that pullback should it occur via the US markets. Making You a Better Trader To improve, you must continuously learn… On August 7 & 8 I will be conducting a…    [Read More] 

A successful trade in EWJ makes the record now 26 out of 27 successful trades in the Daily BattlePlan Model Portfolio since Sept 2012. The market is overbought and with the ConnorsRSI reading in SPY at 88, I expect a pause/short-term pullback within 1-2 days. Have a great weekend! Making You a Better Trader To…    [Read More] 

As I mentioned yesterday the market is in neutral territory with few short-term edges on either side. Volatility collapsed after the Fed announced that policy was going to remain the same. Such behavior is very typical as the market was pricing in any potential for change. When none occurred, volatility levels adjusted to reflect this…    [Read More] 

Some of the cracks I mentioned yesterday closed pretty quickly, while others, especially many of the Country Fund ETFs, continued to unravel. With today being the last day of the month there’s a heightened chance of increased market movement but otherwise the US markets are neutral and we’ll hold our one position until a large…    [Read More] 

Yesterday was the first day the market showed cracks in its armor as many of the high flying stocks, including the solar stocks, reversed. If you look globally the sell-off was even more pronounced with many country fund ETFs down over 1% for the day. Right now the market is slightly oversold and ideally it…    [Read More] 

The markets globally continue at two ends of the spectrum with a few uptrending Country Fund ETFs showing buying signals and others still showing overbought conditions. The US is beginning to show some normal fatigue after the DOW has risen 5 consecutive weeks and it will be interesting to see if this fatigue can be…    [Read More] 

Last night we locked in our gains from trading QQQ. This makes 18 consecutive winning trades in 2013 for the Daily Battle Plan Model Portfolio and 25 consecutive winning trades going back to September 2012. The markets globally are trading at two ends of the spectrum with a few uptrending Country Fund ETFs showing buying…    [Read More] 

The markets globally have begun to pull in with the majority of Country Funds ETFs showing ConnorsRSI readings under 50. SPY is seeing its first pullback in a month; an amazing Fed induced move and we’ll now see how long this pullback lasts. The healthiest thing would be for the market to pullback at least…    [Read More]