Crude oil futures dropped below $100 a barrel yesterday for the first time since April 7. In part, the rally in oil has been driven by geopolitical concerns with tensions in both the Middle East and the Ukraine putting pressure on prices. ETFs tracking oil prices became oversold on the pullback with ConnorsRSI readings below… [Read More]
Almost everything you want to know about the stock market can be found in the TradingMarkets Live Screener. ETFs can be used to form an opinion about general market conditions since they cover global equities, bonds and commodities. The Screener tracks 430 ETFs trading at more than $5 with volume of at least 100,000 shares…. [Read More]
Traders use Bollinger Bands® in a number of ways. In Bollinger Bands® Trading Strategies That Work we detail precise entry and exit rules for trading based on this indicator. With this strategy, we found strategies that offered gains of as much 7.86% with an average holding period of 7.35 days and a win rate of… [Read More]
SPDR Dow Jones Industrial Average (NYSE: DIA) closed down for the fourth day in a row yesterday as did most other major market averages. The extended down move has set up a number of potential trading opportunities. In the past, buying a stock after multiple down days has been a profitable strategy. For example, buying… [Read More]
The SPDR Dow Jones Industrial Average (NYSE: DIA) is the most oversold major index tracking ETF. DIA has closed lower three days in a row and has become oversold with a ConnorsRSI of 12.96 and 2-period RSI of 4.72. This down move is unusual because we rarely see large cap stocks leading the stock market…. [Read More]
Although oil and natural gas have been market laggards this year, many companies in the sector have been profitable investments. Energy Select Sector SPDR (NYSE: XLE) has performed in line with the overall market. The ETF has gained about 27% since January 1, slightly less than the 30% gain of SPDR S&P 500 (NYSE: SPY)…. [Read More]
Trading By the Numbers: The sell-off in crude suggests that black gold is the last commodity standing.
Sellers sent shares of retail and consumer discretionary ETFs tumbling ahead of trading on Tuesday. With more retail earnings on deck this week, traders should be prepared for additional volatility in these sectors and groups.
With sellers back at work in the commodities sector, both energy and precious metals related ETFs are back headed toward oversold territory above the 200-day moving average. Read more in today’s edition of 7 ETFs You Need to Know.
Sellers are active in shares of Chinese ETFs like the FXI and the HAO on the final trading day of the week. Find out what other funds are pulling back and which are breaking out in the latest edition of 7 ETFs You Need to Know.