ETF Trading with Larry Connors: GDP, Irene and Ben Bernanke’s Big Speech
Locked, loaded and ready. This month’s GDP report along with Jackson Hole (second only to the Gettysburg Address) has assured many funds are hedged and/or holding high cash positions coming into the day.
Anyone guessing where today is going to go is really just making a “look at me statement” in case they’re correct. The only scenario that is obvious is high intraday volatility early on, and then volume subsiding the second half of the day as most of Wall Street exits early ahead of
Hurricane Irene.
The above is from Larry Connors’ Daily Battle Plan.
To learn more about the Daily Battle Plan – including access to Larry’s daily ETF trading signals, click here for more information.
And for more on ETF trading, be sure to visit us here to check out the book that Stocks, Futures and Options (SFO) Magazine called one of the best trading books of 2009: High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading.
Larry Connors is founder and CEO of TradingMarkets.com.