The Bulls Continue to Run
Last night we locked in our gains from trading QQQ. This makes 18 consecutive winning trades in 2013 for the Daily Battle Plan Model Portfolio and 25 consecutive winning trades going back to September 2012.
The markets globally are trading at two ends of the spectrum with a few uptrending Country Fund ETFs showing buying signals and others showing extremely overbought conditions.
I’d prefer to see this type of behavior because it signifies lower global market correlation; a further sign that a bull market is intact and continuing to run. Overall July has been quite a month in the US and I’d expect a short-term pause here but longer-term, this bull market remains firmly intact.
Making You a Better Trader
To improve, you must continuously learn…
On August 7 & 8 I will be conducting a two evening Quantified Options Trading Strategies Summit. If you would like to learn more information on the Options Trading Summit, please click here.
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.