If you would like to read Chapter One of my new book Buy The Fear, Sell The Greed – 7 Behavioral Quant Strategies for Traders please click here. This is Part 9 of our 10 Part Series on “Smarter Trading”. Today we’ll focus on the topic of “Go Deep, Not Wide”. Trading has so… [Read More]
In this issue of the Connors Research Traders Journal I’m sharing with you a one-hour webinar I conducted last Friday where I taught the key principles on how to best take advantage of fear and greed in the market. You can gain access to it immediately by clicking here. Before we do, I’d like to let you know… [Read More]
If you’ve always wanted to take advantage of intraday volatility, but didn’t want to sit in front of the screen all day, now’s the time to learn about our 21st century approach to day-trading using exchange-traded funds.
Financials gained one day after dipping into oversold territory and earning some of our highest ETF PowerRatings. Typical of the advance in financials was the reversal to the upside by the Direxion Financial Bull 3x Shares, FAS.
This week’s overbought and oversold ETFs for Wednesday’s trading includes the PowerShares DB Agriculture Fund ETF, DBA.
Technology ruled the day’s modest market movement, with Apples planned weekend launch of the iPad and news of their fourth generation iPhone, compatible with AT&T as well as Verizon. Other sectors weren’t so well-off, leaving ETFs like the ProShares UltraShort Semiconductor ETF, SSG deep in oversold territory at the close.
This week’s most overbought and oversold ETFs for Tuesday’s trading includes the PowerShares Wilderhill Clean Energy Portfolio ETF, PBW.
One of the biggest ETF PowerRatings upgrades on Monday was the four-point upgrade in the iShares Dow Jones U.S. Broker-Dealers Index Fund ETF, IAT. Not far behind was the three-point upgrade in the iShares MSCI Chile Investable Markets Index Fund ETF, KRE.
This week’s most overbought and oversold ETFs for Monday’s trading include the ProShares UltraShort Oil & Gas ETF, DUG.
Materials were up on the final trading day of the week, as exchange-traded funds like the ProShares Ultra Basic Materials ETF, UYM rallied from a one-day dip into oversold territory above the 200-day moving average.