European Optimism Drive Banks, S&P 500 Higher

There are an abundance of ETFs with RSI readings above 90 today, along with many showing PowerRatings readings of 1 and 2. As I mentioned yesterday, the market has begun the process of factoring in a positive resolution to Europe. Anything short of that will be lead to a healthy sell-off.

The above is from Larry Connors’ Daily Battle Plan.

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Larry Connors is founder of