ETF Trading with Larry Connors: Still Markets Run Deep
The “All Europe” show continues.
No news from Europe will likely be good news for the U.S., but the overall trend is still down. As I noted yesterday the market was very overbought and a pullback was due.
Today is one of those days that’s not quite so obvious. Most readings are in neutral territory and there are very few edges on either side. There are rumors the Obama administration will be announcing a major job plan
initiative over the next week. What this plan is remains to be seen but if the market gets quiet it will quickly come alive, especially if there are surprises in the plan.
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.