In what appears to be a coordinated move, this morning’s news of multi-continent quantitative easing is going to take an overbought market and make it even more overbought. The US is on a short-term one way move and it will likely stay like that until a surprise event occurs. Any pullback in the indexes should be viewed as short-term buying opportunities.
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.