The market remains extremely overbought in the US and the message is exactly the same as yesterday; with Central Banks around the world coordinating lower rates, along with the month-end upward bias seen in US stocks, it’s going to require an out of the ordinary event to stop this low volatility climb higher.
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.