Overbought Conditions Remain for Now

The market remains overbought and with the today being the second day of the Jewish New Year, trading will again be lighter than normal.

With a military strike to Syria going through an international debate, there remains an added pause to money being committed to the market.

Like yesterday, with the market where it’s at, there’s few if any edges today and the best path is holding a cash position into the weekend 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.