Neutral Markets Around the World
There is not a single liquid Country ETF that is oversold today, yet when averaging the ConnorsRSI readings on the 50 most liquid Country ETFs, it shows a reading in the 60’s signifying the world markets are in neutral condition.
The U.S. is overbought but not to the extent that signifies an imminent pullback. Overall today there are few biases and we’ll wait a day to let this play itself out.
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.
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