Yesterday’s Rally Boosts U.S. Market
Yes, I wrote that it was “a bit odd to see the U.S. lag like this but one good day’s rally will take care of this” and that’s the way it played out as yesterday’s rally has taken the U.S. into neutral/slightly overbought conditions.
A follow-through today will allow the Daily Battle Plan Model Portfolio to lock in gains in SPY.
Making You a Better Trader
To improve, you must continuously learn…
Ernie Chan is one of my favorite researchers and I always enjoy reading his work. I just completed his new book “Algorithmic Trading: Winning Strategies and Their Rationale” and highly recommend it. I immediately came up with strategy ideas which we are now testing and anyone reading this book will be able to do the same.
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.
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