Read Larry Connors' blog – Short Term Trading Strategies
To help you further gain an edge in the marketplace we have updated our Market Bias section with research published in "How Markets Really Work". This page features set-ups that have provided short-term edges in the marketplace. All have been tested for a minimum of 7 years, with most having been tested for at least 10 years.
The Market Bias page can be used to quickly gauge the markets to see which direction provides the highest historical edge. The more checkmarks you see, the bigger the potential edge is for the next 1-5 trading days.
Here is a screenshot of our Market Bias Table:
Here are explanations for some of the signals above:
10 Day Low
This alert occurs when the market makes a 10-day low intra-day. This usually
occurs after much selling has taken place and the market is many times oversold.
When the market is above the 200-day MA, it has historically been a good time to
enter long positions. When the market is below the 200-day MA, it has
historically been a good time to begin locking in profits on the short side.
Dec. Issues 2-1 > Advancing Issues
All the advancing and declining issues studies
point to the same thing. Too many stocks declining in one day or over
multiple days usually precede a market rally, especially when the market is
above its 200 day moving average. Too many stocks rising in one day or over
multiple days usually precede a market that will be quiet or drop.
To learn more on how to use this table in conjunction with our PowerRatings you can attend a free class, presented by market veteran Steve Primo. Topics covered include timing your entries and exits, daytrading with PowerRatings, and how to use PowerRatings with our new Preferred Stock List.
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
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