The stock market tends to oscillate between extremes of exuberance and despair. This is true in the long term and the short term. For long term investors, indicators like the Cyclically Adjusted P/E ratio developed by Nobel Prize winning economist Robert Shiller are useful. Low P/E ratios show despair while high P/E ratios are associated… [Read More]
Multiple potential buy signals on an ETF can increase a trader’s probability of success. Heading into Monday’s trading we have three ETFs which have at least five different potential buy signals. We can use the TradingMarkets Live Screener to identify stocks or ETFs that are oversold. The table below shows three ETFs that are trading… [Read More]
Silver has been among the most volatile markets in the past month. iShares Silver Trust (NYSE: SLV) began February overbought and gained as much as 15% before pulling back slightly in the past two days. SLV was oversold at the close yesterday with a ConnorsRSI reading of 17.65. The volatility of SLV can be seen… [Read More]
Using rules explained in our guidebook, High Probability Trading with Multiple Up & Down Days, buying stocks after extended losing streaks can be a profitable short-term trading strategy. Specifically, there is a variation of the Multiple Down Days strategy that buys after six multiple down days if the stock pulls back by at least 3%… [Read More]
Stocks rallied sharply on news that the Federal Reserve would begin tapering but gold traders have been selling on the news. Along with announcing the changes to its bond market purchases, the Fed also updated its economic guidance. In the latest forecast, they noted that inflation should remain below 2% for at least the next… [Read More]
Cisco Systems (NASDAQ: CSCO) sold off sharply yesterday after disappointing investors with a weak earnings report. The stock fell almost 11% but is now oversold by almost any measure. Trading Market Analytics offer a convenient screen to show the status of several indicators. CSCO is oversold based on ConnorsRSI, Bollinger Bands® %b and the 2-period… [Read More]
Late strength in the stocks of this sector could anticipate further end of week momentum to the upside.
While the main telecommunications ETF continues to drive deeper into overbought territory, signs of weakness in leading component stocks like AT&T should give active investors pause.
Today in 7 ETFs You Need to Know: Traders continue to sell markets across the board, with technology experiencing particularly sharp pullbacks – and top PowerRatings – heading into Wednesday’s trading day.
With the major equity index ETFs pulling back for a fourth day in a row, today’s 7 ETFs You Need to Know highlights a number of funds trading in neutral territory that could soon be oversold on any significant selling over the next few days.