Qualcomm (NASDAQ: QCOM) is the latest stock to be oversold ahead of its scheduled earnings release. QCOM heads into trading today with a ConnorsRSI of 6.87. QCOM should be considered a buy on additional weakness. When the average value of ConnorsRSI over the past three days is below 15, for example, buying can be profitable… [Read More]
The Hot List Has seasonal strength in technology already run its course? Or do recent pullbacks in exchange-traded funds linked to the sector suggest that there may be more upside to come?
Inside The Machine Heading into trading on Monday some of the biggest edges in the market are in the technology sector. Dramatically oversold conditions could contribute significantly toward any bounce in the near-term.
From technology to financials, sector-based ETFs pulled back sharply on Tuesday, setting up widespread oversold conditions for traders when trading begins on Wednesday.
The CurrencyShares Euro Trust ETF is in overbought territory for Monday’s trading. While high yield bond ETFs like the iShares iBoxx High Yield Corporate Bond ETF closed for a second day in oversold territory.
From health care to technology, exchange-traded fund (ETF) traders and investors bid ETF markets higher across the board, as the response to recent oversold extremes continued for a second day.
Technology shares faced aggressive selling pressure during Monday’s trading, leaving XLK in oversold territory. See the rest of the ETFs that made our list for Tuesday’s trading.
The following ETFs are the most overbought and oversold for Friday, January 8, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback.
Semiconductors, as represented by exchange-traded funds like the Semiconductor HOLDRS ETF, SMH, joined the pullback in the broader technology sector on Thursday. Exchange-traded funds like the Technology Select Sector SPDRS ETF, XLK, noted in yesterday’s 7 ETFs You Need to Know, retreated deeper into oversold territory above the 200-day moving average.
Check out these 3 overbought ETFs, which have made a good amount of money for traders in recent days, and could be potential targets for high probability short term trades over the next few days.