Holding for Now

Subscribers should have locked in their gains in SPY on the close last night.

The market is slightly overbought and with the today being the Jewish New Year, trading will be lighter than normal.

With Obama out of the country it’s doubtful a military strike will occur. With the market where it’s at, there’s few if any edges today and the best is path is a path of holding a cash position for a day or so until things move to one extreme or another.

The above excerpt is from Larry Connors’ Daily Battle Plan A professional-grade trading information service that will help you understand the quantitative metrics behind each day’s market conditions and how they point to selective strategies for high-probability trades.

To take a free trial to Larry Connors Daily Battle Plan and receive his market insights and ETF trade set-ups for the upcoming trading day, please click here.