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Browse Articles by David Penn
TradingMarkets Most Overbought and Oversold ETFs for Monday
David Penn - March 19, 2010
This week's of most overbought and oversold ETFs for Monday's trading includes the SPDR S&P Homebuilders ETF, XHB.
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TradingMarkets 7 ETFs You Need to Know for Monday
David Penn - March 19, 2010
Sellers stepped in to take gains in wildly overbought ETF markets on the final trading day of the week. Among those exchange-traded funds pulling back into oversold territory on Friday were the SPDR S&P 500 Trust ETF, SPY and the iShares Russell 2000 Index Fund ETF, IWM.
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High Probability ETF Trading: Pullbacks in Metals and the Americas
David Penn - March 19, 2010
Are markets around the world becoming somewhat less correlated? This is might be a welcome development, insofar as it means that there will likely be a broader array of oversold ETFs for traders to choose from - especially in otherwise, one-way, runaway markets like the one we are currently in. Here are 3 exchange-traded funds to take a look at today.
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Learn How to Swing Trade: The New Spring 2010 TradingMarkets Swing Trading College
David Penn - March 19, 2010
Is swing trading stocks your business? Then new Spring 2010 TradingMarkets Swing Trading College has the resources you need to help you stay on the right side of the market. Find out more in our free presentation on Thursday, March 25th at 4:30 p.m. Eastern.
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Friday Morning Coffee with TradingMarkets
David Penn - March 19, 2010
U.S. Markets Edge Higher ... Sellers Send Financials (FAS, XLF), Energes (XLE, DIG) Lower ... Top Stock PowerRatings Stocks for Friday Include: HAFC, PIR, LZB.
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TradingMarkets Most Overbought and Oversold ETFs for Friday
David Penn - March 19, 2010
The following ETFs are the most overbought and oversold for Friday, March 19 2010. Among them is the SPDR S&P Oil & Gas Exploration & Production ETF, XOP.
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With the stock market rising, investors, no doubt want to climb on board the bull run. However, this does make it more complicated for high probability traders looking for pullbacks on an end of day basis. Here are a few suggesting strategies for traders who are looking to take this route.
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High Probability Trading: The VIX Does Not Work Except When it Does
David Penn - March 19, 2010
Some good news and some bad news have surrounded the VIX as of late. Here's our research on why the VIX, like many, many technical tools including the Relative Strength Index, works just fine when used properly.
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TradingMarkets 7 ETFs You Need to Know for Friday
David Penn - March 19, 2010
Thursday was a day of decline for U.S. markets, as the financial and energy sectors saw particularly aggressive selling action ProShares Ultra Financials ETF, UYG slid nearly 1% on the day.
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Thursday Morning Coffee with TradingMarkets
David Penn - March 18, 2010
U.S. Markets Advance, Retreat from Intraday Highs Near Close ... Financials (FAS, UYG, XLF), Semiconductors (XSD, SMH, USD) Lead Higher ... Top Stock PowerRatings Stocks for Thursday Include: CAAS, TASR, SGI.
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Leverage This! Leveraged ETF PowerRatings Winners from Gold to Emerging Markets
David Penn - March 18, 2010
If you have been looking for ways to trade leveraged ETFs - from the SSO to the FAS - using quantified, backtested trading strategies, then learn more about what Leveraged ETF PowerRatings can do for you and your trading.
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TradingMarkets 7 ETFs You Need to Know for Thursday
David Penn - March 18, 2010
Energies, financials, and commodities attracted buyers in big numbers on Wednesday, sparking a nearly 2% gain in the ProShares Ultra Oil & Gas ETF, DIG.
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TradingMarkets Most Overbought and Oversold ETFs for Thursday
David Penn - March 18, 2010
This week's most overbought and oversold ETFs for Thursday's trading day includes the PowerShares DB Agriculture Fund ETF, DBA.
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Wednesday Morning Coffee with TradingMarkets
David Penn - March 17, 2010
U.S. Markets Resume Advance .... Commodities (DBC, GSG), Semiconductors (SMH, XSD) Lead ... Top Stock PowerRatings for Today Include: STXS, TSEM, ARGN ... VIX Remains In-Gear with 10-Day Moving Average.
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ETF PowerRatings: Trading Opportunities in India, Asia, Semiconductors
David Penn - March 17, 2010
A number of exchange-traded funds representing stock markets in India, Asia and the semiconductors have made our top ETF PowerRatings list for Tuesday. Here are three - all of which have ETF PowerRatings of 8.
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TradingMarkets 7 ETFs You Need to Know for Wednesday
David Penn - March 17, 2010
Commodity ETFs were in demand, leading to a gain of over 1% in the PowerShares DB Commodity Index Tracking ETF, DBC. DBC also rose about its 200-day moving average. See what other ETFs you should be watching for Wednesday's trading.
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TradingMarkets Most Overbought and Oversold ETFs for Wednesday
David Penn - March 17, 2010
Here are the most overbought and oversold ETFs for Wednesday's trading, including the iShares Barclays 7-10 Treasury Bond Fund, IEF.
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Tuesday Morning Coffee with TradingMarkets
David Penn - March 16, 2010
U.S. Markets Sell-Off Early, Rally Late ... Asia (EWT, EWM), Energies (XLE, DIG) Among Most Oversold ETFs ... Top Stock PowerRatings Stocks for Tuesday Include: STXS, PPO, BID.
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ETF PowerRatings: Trading Opportunities in Oversold Oil, Commodities
David Penn - March 16, 2010
Among the very few exchange-traded funds that are oversold above the 200-day moving average going into trading on Monday, a number of these ETFs are oil or commodity-related.
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TradingMarkets Most Overbought and Oversold ETFs for Tuesday
David Penn - March 16, 2010
This week's most overbought and oversold ETFs for Tuesday includes the iShares MSCI Taiwan Index Fund ETF, EWT among several others.
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TradingMarkets 7 ETFs You Need to Know for Tuesday
David Penn - March 16, 2010
Buyers stepped in just as markets were poised to close in oversold territory for the first time in more than a week. Early in the session, buyers were aggressive in Consumer Staples, sending the Consumer Staples Select Sector SPDRS ETF, XLP higher.
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Leveraged ETF PowerRatings: Trading Inverse ETFs in Up Markets
David Penn - March 15, 2010
What do high probability traders who buy exchange-traded funds on pullbacks trade when those exchange-traded funds don’t pull back? This is the question that many high probability traders have been dealing with over the past several days. Here are a few options.
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Monday Morning Coffee with TradingMarkets
David Penn - March 15, 2010
U.S. Markets Begin Week At Overbought Extremes ... Top Stock PowerRatings Stocks for Today Include: SSTI, USU, ABVT ... VIX Remains Near 10-Day Moving Average ...Top ETF PowerRatings Funds for Today Include: TUR, EPI, PIN.
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TradingMarkets Most Overbought and Oversold ETFs for Monday
David Penn - March 15, 2010
This week's most overbought and oversold ETFs for Monday's trading includes the PowerShares Wilderhill Clean Energy Portfolio ETF, PBW.
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TradingMarkets 7 ETFs You Need to Know for Monday
David Penn - March 15, 2010
Soaring by nearly 2% on Friday after a one-day dip into oversold territory on Thursday was the ProShares Ultra Russell 2000 ETF, MOO. MOO was highlighted in yesterday's TradingMarkets Most Overbought and Oversold ETFs for Friday column.
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ETF PowerRatings: Opportunities in Japan, Silver, Consumer Staples
David Penn - March 12, 2010
Here are three ETFs , which have moved into oversold territory and should be among those high probability traders are monitoring – especially if we get the profit-taking and selling that is likely just around the corner.
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Friday Morning Coffee with TradingMarkets
David Penn - March 12, 2010
U.S. Markets March Deeper into Overbought Territory Above 200-Day ... SPY, QQQQ Close 5 Days in a Row at Historically Extreme Levels ... Top Stock PowerRatings Stocks for Friday Include: CTEL, CNXT, MAKO.
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TradingMarkets Most Overbought and Oversold ETFs for Friday
David Penn - March 12, 2010
This week's most overbought and oversold ETFs for Friday's trading includes the PowerShares DB U.S. Dollar Index Bearish Fund ETF, UDN.
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TradingMarkets 7 ETFs You Need to Know for Friday
David Penn - March 12, 2010
Thursday marked yet another consecutive gain in US markets, leaving overbought conditions in ETFs like the iShares Russell 2000 ETF, IWM.
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Where the Edges Are: Leveraged ETF PowerRatings, Financials and Tech
David Penn - March 11, 2010
What's the game plan for the second week of trading in March? Here are a few potential opportunities in the leveraged ETF market to keep an eye on over the next few days - opportunities made all the more easy to spot using our new Leveraged ETF PowerRatings.
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Thursday Morning Coffee with TradingMarkets
David Penn - March 11, 2010
Overbought Conditions Reign Over U.S. Markets ... SPY, QQQQ Close at Radically Overbought Levels for 4th Consecutive Session ... Top Stock PowerRatings Stocks for Thursday Include: CFI, STC, ACLI.
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TradingMarkets Most Overbought and Oversold ETFs for Thursday
David Penn - March 11, 2010
This week's most overbought and oversold ETFs for Thursday's trading fall on the heels of another day of gains in U.S. markets. Featured as this issue's most overbought ETF is the PowerShares Wilderhill Clean Energy Portfolio ETF, PBW.
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TradingMarkets 7 ETFs You Need to Know for Thursday
David Penn - March 11, 2010
Wednesday was another good day for U.S. markets as they continued their upward price action, leaving the SPDR S&P 500 Trust ETF, SPY and PowerShares QQQ Trust ETF, QQQQ in radically overbought territory.
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ETF PowerRatings: Trading Bear Market Funds in Bull Markets
David Penn - March 10, 2010
For ETF traders looking for opportunities to trade in a market that is running away to the upside, these three leveraged exchange-traded funds - all of which have earned high Leveraged ETF PowerRatings - may be just what you are looking for.
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Wednesday Morning Coffee with TradingMarkets
David Penn - March 10, 2010
U.S. Markets Edge Higher, Finish Off Intraday Highs ... Top Stock PowerRatings Stocks for Today Include: ACLI, ETM, WFMI ... VIX Stretch Below 10-Day Moving Average Remains Above 5% As Rally Becomes Overextended.
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ETF PowerRatings: High Probability Trading Goes for the Gold in GLD, DGP, DZZ
David Penn - March 10, 2010
For Tuesday's trading, one place where high probability traders may want to look for markets that have already become oversold is the gold patch. Take a look at this trio of gold-related funds.
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TradingMarkets 7 ETFs You Need to Know for Wednesday
David Penn - March 10, 2010
Today marks the one-year anniversary of the 2009 bear market low, with the Dow up 61.2%, the S&P 500 up 68%, and the NASDAQ up 84%. Resonant of their leading index gains, technology ETFs led the day's trading.
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TradingMarkets Most Overbought and Oversold ETFs for Wednesday
David Penn - March 10, 2010
This week's overbought and oversold ETFs for Wednesday's trading includes the DB Gold Double Long ETN, DGP.
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Tuesday Morning Coffee with TradingMarkets
David Penn - March 09, 2010
U.S. Markets Remain Extremely Overbought Short Term ... SPY, QQQQ Close in Extreme Overbought Territory for 6th Consecutive Session ... Top Stock PowerRatings Stocks for Today Include: MEI, CNX, SKX.
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TradingMarkets 7 ETFs You Need to Know for Tuesday
David Penn - March 09, 2010
Technology lead the way higher on muted Monday, with buyers also aggressive in financials and consumer cyclicals. See what ETFs moved into overbought territory as a result.
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TradingMarkets Most Overbought and Oversold ETFs for Tuesday
David Penn - March 09, 2010
This week's overbought and oversold ETFs you need to know for Tuesday includes an exclusive piece on our latest custom service for leveraged ETF traders.
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Monday Morning Coffee with TradingMarkets
David Penn - March 08, 2010
U.S. Market Begin Week at Overbought Extremes ... SPY, QQQQ Finish 5 Consecutive Sessions with RSI(2) Above 90 ... Top Stock PowerRatings Stocks for Monday Include: ANW, GPRE, CFI.
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Leveraged ETF PowerRatings: Quantified. Backtested. Free for a Week
David Penn - March 08, 2010
With the arrival of Leveraged ETF PowerRatings, quantified, backtested strategies for buying the selling and selling the buying in the leveraged ETF market are accessible to retail traders for the first time. Learn more about our Leveraged ETF PowerRatings with this free one week trial.
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The most overbought and oversold ETFs for this upcoming Monday's trading session is short and sweet. Check out the list as you gear up for next week's trading. Good luck traders!
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TradingMarkets 7 ETFs You Need to Know for Monday
David Penn - March 08, 2010
Buyers were on the offensive to finish the week, with financials and energies being the biggest sector beneficiaries. Up well over 3% were both the ProShares Ultra Financials ETF, UYG and the ProShares Ultra Oil & Gas ETF, DIG.
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Friday Morning Coffee with TradingMarkets
David Penn - March 05, 2010
U.S. Markets Tread Water ... SPY, QQQQ Close for 4th Day in Extreme Overbought Territory Above 200-Day ... Top Stock PowerRatings Stocks for Today Include: ENT, RHB, CIEN.
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PowerRatings, High Probability Trading and Bull Markets: INP, EPI, SSG
David Penn - March 05, 2010
With markets overbought and becoming more overbought, a reversal to the downside is increasingly likely. But what do traders do until that reversal happens? Try these strategies, plus PowerRatings stocks earning 9s and 10s to add to your watch lists.
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TradingMarkets Most Overbought and Oversold ETFs for Friday
David Penn - March 05, 2010
This week's most overbought and oversold ETFs for Friday's trading is full-tilt overbought and includes the iShares MSCI Germany Index Fund ETF, EWG.
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TradingMarkets 7 ETFs You Need to Know for Friday
David Penn - March 05, 2010
U.S. markets were little changed on Thursday, which allowed overbought conditions to become even more overbought in many instances. Among the ETFs heading that direction is the SPDR S&P 500 Trust ETF, SPY.
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High Probability Trading: Why (and How) Professional Traders Use the VIX
David Penn - March 04, 2010
Here are some building blocks that traders can use to construct high probability trading strategies and set-ups using the VIX.
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UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday March 25 04:30 PM
Thursday March 25 12:30 PM
Wednesday March 24 01:00 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.