Monday’s big bounce from oversold conditions resulted in great opportunities for high probability traders to lock in short-term profits. Here’s a look at some of the current potential opportunities that are developing – in stocks as well as exchange-traded funds.
As the week begins, the likelihood of overbought conditions in most stocks and ETFs remains high with the SPY entering the week with an ETF PowerRating of 6, while the QQQQ earned an ETF PowerRating of 7. See what other stocks, ETFs and Leveraged ETFs are on our list today.
Larry Connors’ Daily Battle Plan Model Portfolio has now had 57 winning ETF trades since inception in October 2008. What’s more, the most recent trade showed how the Battle Plan’s structured, model- driven approach helped to lock in gains in the SPY.
The tech rally might be coming to an end, but these technology-based funds are still attractive potential candidates. On the stock side, traders looking for opportunities may want to consider the pullbacks in some of the following Nasdaq 100 names.
When markets become unidirectional – running away to the upside or plunging to the downside – trading Leveraged ETFs using PowerRatings can be a great way to take advantage of extreme conditions. Looking at the most widely-traded leveraged ETFs, there are two on today’s list.
For traders looking for markets that are oversold and potentially undervalued in the short term, gold and bond ETF markets appear to offer some of the best potential opportunities in trading on Wednesday.
When markets become unidirectional, one excellent option for traders who use PowerRatings to help guide their stock, exchange-traded fund and leveraged ETF trading is to look to the inverse leveraged ETF market for potential opportunities. Here’s why.
New to ETF trading? Then here are three factors about high probability ETF trading to consider, plus a look at a high probability trading strategy for shorting the SPY.
Here’s a look at the seven stocks from the S&P 100 which rallied into overbought territory below the 200-day moving average. Based on our research into short term stock price behavior, we know that stocks that become overbought below the 200-day moving average have a tendency to underperform in the short term.
When markets are trading below the 200-day moving average, the goal for high probability traders is to turn their attentions back to the short side. Take a look at the stocks and ETFs that high probability traders looking to take advantage of short term overbought conditions below the 200-day may want to keep an eye on.