• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / ETFs / Commentary / TradingMarkets 7 ETFs You Need to Know for Monday

TradingMarkets 7 ETFs You Need to Know for Monday

March 5, 2010 by David Penn

Get Leveraged ETF Setups with a High Winning Percentage

Introducing Leveraged ETF PowerRatings – A powerful rating system that ranks Leveraged ETFs on a scale of 1-10 to help individual investors find new trading edges. Built on a proprietary trading methodology, Leveraged ETF PowerRatings is a quantified and statistically validated rating system that has been backtested on over 17,000 trades and over 100 Leveraged ETFs from inception through 2009.

The concept behind Leveraged ETF PowerRatings is one of simplicity and effectiveness, yet behind the simple 1-10 ratings scale lies a heavily researched algorithm.

As shown by the simulated trades in our backtesting, a PowerRating of 9 has an average of 74% winning trades, and a PowerRating of 10 (the best rating for long trades) has an average of 79% winning trades from inception through 2009. That means nearly 8 out of 10 Leveraged ETFs with a PowerRating of “10” – the best rating – went up in price over the next few trading days!

Conversely a PowerRating of 1 or 2 indicates a likely downward price action, suggesting that ETF be avoided or shorted. PowerRatings of 1 on average lost 81% of trades over the next few trading days.

Click here to get today’s Leveraged ETF PowerRatings.

Here are 7 ETFs You Need to Know for Monday

Buyers were on the offensive to finish the week, with financials and energies being the biggest sector beneficiaries. Up well over 3% were both the ^UYG^ and the ^DIG^.

Continued strength in equities has helped push inverse leveraged ETFs like the ^TZA^ to new oversold extremes. TZA has closed in extreme oversold territory for three consecutive days.

With continued overbought conditions prevailing, the only exchange-traded fund with an ETF PowerRating above 8 late in trading on Friday was the ^BSV^.

Among leveraged ETFs the high PowerRatings pickings are somewhat better, with both the ^FAZ^ and the ^TYP^ earning upgrades to 9.

Depsite continued equity strength, the dollar remains relatively unchanged. This mean more neutral trading for the ^UDN^.

Just released! Leveraged ETF PowerRatings ranks Leveraged ETFs on a high probability 1-10 ratings scale. Click here to get your free trial now.

Filed Under: Commentary, ETFs, Recent Tagged With: etf funds, ETFs, exchange traded funds, exchange-traded funds, leveraged ETFs, leveraged exchange traded funds, overbought ETFs, oversold ETFs

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in