ETF Trading with Larry Connors: Europe, Bernanke and the Markets
Yesterday should have been a debacle. Banks and technology stocks collapsed and the market broke even for the day? Very rare and a short-term sign that the selling in many other industries is likely over
at least for now. Any footing in the financials and tech will lead overall prices higher.
Europe (every day) and Bernanke on Friday will be the overriding themes this week. The longer term trend remains lower but in the absence of negative news, shorter term prices will likely be moving higher.
The above is from Larry Connors’ Daily Battle Plan.
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Larry Connors is founder and CEO of TradingMarkets.com.