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You are here: Home / ConnorsRSI / Slightly Overbought Within Summer Doldrums

Slightly Overbought Within Summer Doldrums

August 26, 2013 by Larry Connors

Friday I mentioned that a follow-through day would be helpful to reaffirm the U.S. bull market. Therefore, it was good to see the upward move.

Unless something out of the ordinary occurs, this week is going to be a quiet week, especially later in the week because of the weekend holiday. The market today is slightly overbought and we’ll wait a day and see if there is any movement before committing to new positions.

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.

Filed Under: ConnorsRSI, Recent Tagged With: ConnorsRSI, Daily Battle Plan, Featured

About Larry Connors

Larry Connors has over 30 years in the financial markets industry. His opinions have been featured at the Wall Street Journal, Bloomberg, Dow Jones, & many others. For over 15 years, Larry Connors and now Connors Research has provided the highest-quality, data-driven research on trading for individual investors, hedge funds, proprietary trading firms, and bank trading desks around the world.

Larry has been published extensively, with titles like How Markets Really Work, Short Term Trading Strategies That Work, High Probability ETF Trading, and The Connors Research Trading Strategy Series including our latest Guidebook High Probability Trading with Multiple Up & Down Days.

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