September Market Symmetry

Kevin Haggerty

In the previous commentary I said the current long term time symmetry date was in the first week of September, and that you could read it in the Trading Service commentary for 8/25/14 with a free 1-week trial to the Service. I have included several excerpts of that commentary today. “Next week is month end [Read More]

The Fed will take Center Stage Today

Larry Connors

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]

ConnorsRSI Highlights Thirteen Potential Buys

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ConnorsRSI is not like most technical indicators. What separates ConnorsRSI from stochastics, MACD or any other widely followed indicator is the fact that ConnorsRSI is backed by quantified data. Traders deciding whether or not to use ConnorsRSI can make their decision based on publicly available test results. ConnorsRSI is a composite indicator consisting of three [Read More]

There is Nervousness Out There

Larry Connors

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]

How Professionals Are Different from Individual Traders

Trading seems like an area where individuals could fare as well as professionals but that is rarely the case.  Individuals face a number of challenges when it comes to trading and one challenge is to understand they are unlikely to beat professionals in some areas. Individuals might find success in day trading, for example, but [Read More]

High Yielding Stocks Oversold

Larry Connors

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]

TradingsMarkets.com Screener Finds Seven ETFs Oversold on Five Indicators

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Friday’s selloff left a number of stocks and ETFs deeply oversold. Using the TradingMarkets.com Screener, traders can find high probability trading setups. They can require that ETFs meet a number of conditions including: Volume is greater than 250,000 shares to ensure the ETF is highly liquid and easily tradable, ConnorsRSI is below 5. This is [Read More]

Look at EWA

Larry Connors

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]

The Next Up Wave Could be Substantial

Larry Connors

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]

Emerging Market Selloff Pushes EEM Into Oversold Territory

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Emerging markets have been under pressure on concerns that the Federal Reserve could raise interest rates soon. The Wall Street Journal reported that higher rates could make the U.S. dollar more attractive to investors relative to the currencies of emerging markets. Currency pressures seem to have spilled over into the stock markets. At the close [Read More]

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