• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / ETFs / Commentary / High Probability Trading Report: Edges in India, Real Estate and Financials

High Probability Trading Report: Edges in India, Real Estate and Financials

May 18, 2010 by David Penn

If a picture tells a thousands words, then what do you think short term traders are making of the picture that is yesterday’s intraday reversal off the worst levels of the day?

However you look at and analyze market action, the kind of reversal we saw on Monday is a microcosm of the same sort of response to extreme oversold conditions that we often see as high probability traders in stocks and exchange-traded funds (ETFs) on an end of day basis. As Larry Connors noted this morning in his Daily Battle Plan (click here for your free, 7-day trial), the intraday rally likely “took care of a lot of scared money.”

For today, we will look at the few stocks that have closed in oversold territory, as well as a handful of exchange-traded funds that have earned multiple signals from our High Probability ETF Trading Software. Should the sellers return to the markets in any strength over the next day or two, then we should expect new signals as well as additional, scale-in signals in those funds already pulling back into oversold territory.

Stocks:

Down three days in a row heading into trading on Tuesday are shares of ^OSTK^ (below).

OSTK Chart

Overstock.com may be a familiar name for high probability stock traders. The stock was in oversold territory above the 200-day moving average in late April, shortly before rallying from the high.

Other stocks pulling back into oversold territory for high probability traders to consider include ^LGF^ and ^AMED^.

Remember, when trading high probability trading strategies for stocks, buying oversold markets after they have pulled back further on an intraday basis can be a winning approach to maximizing high probability edges. To learn more about this strategy, called buying on “intraday weakness,” click here.

Exchange-traded funds (ETFs)/Leveraged ETFs:

Among exchange-traded funds many of the ETFs earning the most signals from our High Probability ETF Trading Software are country funds, specifically country funds for India. Consider the ^INP^ (below).

INP Chart

Also among those country funds that high probability ETF traders should be on the look out for is the Powershares India Portfolio ^PIN^, which earned multiple signals over the past few days, the ^EWW^, and the ^RSX^.

There are also a few ETFs that have earned signals from our Software that are outside the “country fund” category. These include sector funds like the ^XHB^ and the ^XLF^ (below).

XLF Chart

With Larry Connors’ High Probability ETF Trading Software, short term traders have access to the same kind of “buy the selling, sell the buying” trading strategies that professional traders have used successfully for decades.

Click here to start your free trial to Larry Connors’ High Probability ETF Trading Software today!

David Penn is Editor in Chief at TradingMarkets.com.

Filed Under: Commentary, Recent Tagged With: etf funds, High Probability ETF Trading, High Probability ETF Trading Software, trading ETFs

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in