Stock Market Closed for Good Friday

The US Stock Market will be closed on the following date: April 18, 2014 Upcoming Stock Market Holiday Calendar 2014 New Years Day January 1 Martin Luther King, Jr. Day January 20 Washington’s Birthday February 17 Good Friday April 18 Memorial Day May 26 Independence Day July 4** Labor Day September 1 Thanksgiving Day November [Read More]

Market Back to Neutral Conditions

Larry Connors

Implied volatility collapsed in the last 30 minutes of trading with VIX losing over 5% for the day and the more sensitive VXST losing over 9%. The fear during the intra-day sell-off in equity prices was extreme and the rally was a good relief rally. A follow-through today is what is needed/expected because there’s a [Read More]

Buying Opportunities Found in Many Sectors

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Stocks rebounded from last week’s selloff with large cap stocks leading the market higher. SPDR Dow Jones Industrial Average (NYSE: DIA) was the day’s biggest winner among ETFs tracking major stock market indexes with a gain of 0.89%. iShares Russell 2000 (NYSE: IWM) was the laggard and gained only 0.28%. Market breadth was slightly bullish [Read More]

Oversold but not Extremely Oversold

Larry Connors

The sell-off has been mostly US centric as most of the Country Fund ETFs are in neutral territory. All three US indexes have ConnorsRSI readings below 20 which means oversold but not extremely oversold. Remember, this pullback started from overbought conditions and ConnorsRSI readings above 80 so there is nothing out of the ordinary beyond [Read More]

More Than 100 ETFs Are Potential Buys For Monday

sectors

After selling off on Thursday and Friday, SPDR S&P 500 (NYSE: SPY) ended the week down 3%. The selling affected all major market indexes. iShares Russell 2000 (NYSE: IWM) fell 4.2% and PowerShares QQQ (NASDAQ: QQQ) was down 4.3%. Large selloffs can result in a number of stocks and ETFs becoming oversold and heading into [Read More]

Few Could Explain Yesterday’s Sell-off

Larry Connors

The main concern about yesterday’s sell-off is that few could explain why it occurred. Ideally I like to see specific reasons for nervousness (concern about a specific event) as opposed to random ramblings (“valuations are too high”, “too many IPO’s”). Markets have large declines for specific reasons and we’ll likely soon learn why yesterday did [Read More]

Market Drop Creates Few Buy Setups

index

SPDR S&P 500 (NYSE: SPY) fell 2.10% yesterday and PowerShares QQQ (NASDAQ: QQQ) fell 3.10%. Despite the large declines, neither ETF is oversold with a reading below 20 on the ConnorsRSI indicator. ConnorsRSI is a composite indicator consisting of three components. This indicator uses data regarding price momentum, the duration of the up/down trend and [Read More]

VXST Options

The CBOE on Thursday launched options on the VXST, the nine-day volatility index created to deliver an even shorter-term hedging horizon than its progenitor, the 30-day Vix. See http://www.cboeoptionshub.com/2014/04/09/new-vxst-options-ten-points-know/ for more information.

8 Winning Trades of the 9 Signals for the Year

Larry Connors

Bull market, bull market, bull market. Need I say more? Subscribers to the Daily BattePlan should have locked in gains on the close yesterday on their position in SPY which signaled on Mondays close. In spite of the market basically being unchanged for the year, subscribers have enjoyed 8 winning trades of the 9 signals [Read More]

Dollar Plunges as Fed Reassures Traders

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Low interest rates and quantitative easing make the U.S. dollar less valuable to foreign investors. When Federal Reserve minutes were released yesterday, the dollar sold off quickly as traders realized the dollar would remain unattractive for an extended period. The minutes indicated that the Fed intends to keep rates low after the unemployment rate falls [Read More]

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