Stock markets were broadly higher on Monday with 80% of the volume to the upside on the New York Stock Exchange and 78% of the volume to the upside on NASDAQ. More than 7 out of 10 stocks ended the day higher. After a sharp rally like that, traders are likely to find few stocks… [Read More]
Almost every day, some analyst explains that the market moved up or down in reaction to a piece of economic data. Stock prices often make a large move when a report comes in higher or lower than expected. This is especially true for the monthly employment report which is one of the most closely watched… [Read More]
Yesterday, SPDR S&P 500 (NYSE: SPY) and iShares Russell 2000 (NYSE: IWM) reached new all-time highs and ETFs tracking other major stock market indexes are near new highs. For example, SPDR Dow Jones Industrial Average (NYSE: DIA) is less than 2% from its all-time high. Not surprisingly, after a strong stock market rally inverse ETFs… [Read More]
Yahoo! (NASDAQ: YHOO) is oversold ahead of today’s scheduled earnings release. YHOO will announce earnings after the close. Trading Market Analytics offer a screen to show the status of indicators including ConnorsRSI, Bollinger Bands ® (%b) and 2-period RSI at one glance. Each of those indicators is oversold and offering potential buy signals. ConnorsRSI and 2-period… [Read More]
SPDR Dow Jones Industrial Average (NYSE: DIA) closed up 0.79% ConnorsRSI moved up to 77.97 from 53.98. Neither of those values represents an extreme reading and neutral readings are common in the market right now. Among the 30 stocks in the Dow Jones Industrial Average, only one is oversold. None of the thirty stocks is… [Read More]
After falling to three month lows earlier in the week, PowerShares DB Agriculture Fund (NYSE: DBA) quickly moved into overbought territory. This ETF tracks agricultural commodities including sugar, grains, hogs and cattle. ConnorsRSI rose to 81.41 and the 2-period RSI is at 91.22. Additional strength in DBA could provide a short trade opportunity. iPath S&P… [Read More]
With Thursday’s sell-off, the number of ETFs trading in oversold territory above the 200-day moving average has grown going into trading on Friday. These oversold ETFs include potential opportunities in country funds like the EWD and sector funds like the VNQ.
Looking for bargains among the blue chips? Here are three stocks from the S&P 100 that have pulled back into or near oversold territory above the 200-day moving average in recent days. Should these stocks remain above the 200-day moving average, they could represent a significant opportunity for high probability traders.
Whether it is trading above the 200-day moving average or below it, here are some strategies to always remain on the right side of the market.
This week’s most overbought and oversold ETFs for Thursday’s trading includes the ProShares UltraShort Real Estate ETF, SRS.