That was a healthy rally yesterday and it allowed the Daily Battle Plan Model Portfolio to lock in gains in SPY on the close. The market is slightly overbought and the Fed will take center stage today. Obviously the main movement for the day will reflect their decision. For today’s official Daily Battle Plan set-ups [Read More]
The overall market is now moderately oversold. Yesterday’s selling was more traditional of a pullback with QQQ and IWM declining sharply and the higher quality S&P 500 stocks, rising for the day as seen in SPLV (S&P 500 Low Volatility ETF). There is nervousness out there and another 1-2 days further of a pullback will [Read More]
The overall market is slightly oversold. The main selling on Friday came into the lower volatility, high yielding stocks and many stocks in that universe are now very oversold. Another down day will offer a good opportunity to begin scaling-into US indexes. Today’s Potential Opportunities on Further Pullbacks: ETFs: EWA For today’s official Daily Battle [Read More]
The market is neutral but yesterday’s reversal was very good to see especially in looking at the leaders. If you are looking for an oversold country fund ETF, look at EWA. We don’t often see Country Funds with ConnorsRSI readings in the 1’s. So this is a rare event (EWA also has options). Today’s Potential [Read More]
Yesterday I pointed out the market was oversold and you could see from the large number of ETFs on the list that a bounce was due. Interest sensitive stocks are still adjusting to the prospect of higher rates while the consumer cyclicals are on a tear. All signs are pointing to expanded US growth and [Read More]
The market is oversold and the bigger concern is that like in July, the safer, low volatility companies are seeing a lot of selling. This fact is partially due to many having high dividends and the market is adjusting to reflect the potential for higher rates. It may take a few more days to get [Read More]
Friday morning’s slightly oversold market has now moved to Monday morning’s slightly overbought market thanks to Friday’s rally. At this point of time there are no great short-term edges in either direction and we’ll let the market play itself out today. For today’s official Daily Battle Plan set-ups click here.
The market is mildly oversold and many ETFs as seen below have reached early stages of their buying zone. The list is fairly broad based so the pullback has been widespread. XOP IBB IJH IVV XBI VYM VUG VTI IWB VB UWM IWF IWM SSO SPY IWN SHV IWO IWS IYH MDY OEF EWZ Today’s [Read More]