The Beginnings of a Reversal
Yesterday was the first day the market showed cracks in its armor as many of the high flying stocks, including the solar stocks, reversed.
If you look globally the sell-off was even more pronounced with many country fund ETFs down over 1% for the day. Right now the market is slightly oversold and ideally it will sell-off off significantly for a day or so in order to set-up the next leg higher.
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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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