World Markets Slightly Oversold after Sell-off

  • January 14, 2014
  • Larry Connors

Good Morning,

The world markets have moved from overbought to slightly oversold (especially the US) after yesterday’s sell-off. Some ETFs are at extremes and offer good opportunities and early high probability set-ups. Ideally the market will pull back 1-2 more days as that increases the odds of a larger move higher but scaling-in is the proper strategy today.

Today’s Potential Opportunities on Further Pullbacks:

Stocks

OI

ETFs

NKY

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