Bloomberg reported that hedge fund managers increased their short positions while stocks moved higher last week. From the perspective of a contrarian, this is bullish for stocks because contrarians believe the majority of managers will be wrong at important turning points. Simple analysis like that is rarely useful or profitable and traders should dig deeper [Read More]
Bollinger Bands are a technical analysis tool and volatility indicator developed by John Bollinger in the 1980s that measures deviations in price relative to previous trades. There are bands that are positioned above and below a moving average. When volatility increases, the bands widen and when the volatility decreases, the bands become narrower. Read the [Read More]
Active — and serious — traders put a high value on a system that delivers consistent, dependable results in both up & down market conditions. And that is exactly what you will see in the new research published in our latest strategy guidebook: High Probability Trading with Multiple Up & Down Days. By consistent results [Read More]
At this point of time, the market will move in the perceived direction of the budget talks. Any inkling of a deal will likely send prices skyrocketing because the selling has been relatively light – there’s been a lack of buyers and they are waiting for safety before committing. Yesterday’s 100+ point down day was [Read More]
The market is now oversold and with headlines like this on CNBC.com “First a default, then a depression?” Some think so” it’s time to begin scaling into the market. Have a great weekend! Today’s Potential Opportunities on Further Pullbacks: Stocks: CVX,IRM ETFs: EWJ For today’s official Daily Battle Plan set-ups click here.
ETFs that rise or drop over consecutive days in a row have shown a very strong tendency to revert in the short-term. In our quantified strategy guidebook High Probability Trading with Multiple Up & Down Days, we’ve developed a reliable system for successfully trading ETFs exhibiting this type of behavior. Through investigating how ETFs have [Read More]
Traders can find the optimal levels to scale into their positions by using the ConnorsRSI indicator, yielding them lower average purchase prices and higher overall gains on their trades. ETF Scale-In Trading includes more than 20 variations of this high probability strategy that have shown winning trade rates of over 92.8% throughout our historical back-testing. [Read More]