Yesterday’s small rally leaves the market slightly oversold but my concern remains the same. This pullback has been led by the wrong stocks and has been done without a blip in volatility. A news event may take prices higher here, especially as the upward month-end bias in prices is in force. But, short of that… [Read More]
ConnorsRSI
Expect A Volatile Reversal
The market remains oversold but it’s not quality oversold. The stocks they’re selling off are blue chip low volatility stocks (PG, JNJ) and high yielding stocks; a combination which is not a traditional formula for a large reversal higher. Add the complacent VIX into the picture and it all adds up to a picture that… [Read More]
Volatility Lull Slows Market Pullback
The market is remains oversold but not at levels that instantly inspire large moves higher. The lack of fear I’ve been mentioning since late last week continues in spite of the fact that the Secretary of the Treasury said the markets should be afraid of a government shutdown (one of the less educated comments made… [Read More]
How to Find Tomorrow’s Market Movers Today
Drawing on the back-testing the Connors Research team has conducted over the last decade, we’ve quantified the fundamental behaviors that affect price action in the markets every single day in order to create trading strategies that generate High Probability Trading Signals. These signals are specifically designed to help active traders identify quantified trading setups with… [Read More]
Getting Ready for Monday Morning’s Trading 9/16/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning’s trading. Click here here to download the FREE ConnorsRSI add-on module for your copy of AmiBroker, TradeStation, or thinkorswim! The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s trading. This Watchlist was created using… [Read More]
What’s New in Chairman’s Club for Fall 2013
Now that summer is over and things are back to full speed I’d like to keep you updated what’s happening in Chairman’s Club. 1. Thursday at 4:30 pm ET we held an Alpha Club meeting, where I introduced the ConnorsRSI Selective Trading Strategy. ConnorsRSI Selective applies multiple day readings of ConnorsRSI to identify the exact… [Read More]
Overbought Conditions Remain for Now
The market remains overbought and with the today being the second day of the Jewish New Year, trading will again be lighter than normal. With a military strike to Syria going through an international debate, there remains an added pause to money being committed to the market. Like yesterday, with the market where it’s at,… [Read More]
Holding for Now
Subscribers should have locked in their gains in SPY on the close last night. The market is slightly overbought and with the today being the Jewish New Year, trading will be lighter than normal. With Obama out of the country it’s doubtful a military strike will occur. With the market where it’s at, there’s few… [Read More]
Syrian Situation Persists
The market is neutral as all eyes remain on Syria. We’ll look to lock in our gains in SPY should the market rally today. 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… [Read More]
Oversold Conditions as Global Tension Deflates
The market is moderately oversold but with the sabre rattling in Syria dissipating, the futures are poised to rally. We’ll look to lock in our gains in SPY should the market rally into the close. The above excerpt is from Larry Connors’ Daily Battle Plan – A professional-grade trading information service that will help you… [Read More]
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