Leveraged ETFs Offer Trading Opportunities for Bulls and Bears

list 2 oct 24

Traders might be struggling to understand the direction of the long-term trend in stock prices after last week’s 4.2% rally in SPDR S&P 500 (NYSE: SPY). That ETF has now retraced more than half of the 9.9% decline that began in September. SPY is now once again above its 200-day moving average and is overbought [Read More]

The Potential for a Larger Long-Term Move to the Downside Has Increased

Larry Connors

Yesterday the market bounced back well from Wednesday’s headline news. Today’s news will be another test as to whether or not the market can handle both terrorism and the Ebola scare in the same week. Overall most stocks are short-term neutral and with so many stocks near their 200 day ma, it’s going to take [Read More]

A Rally would be a Very Good Sign

Larry Connors

As I mentioned yesterday, the market was overbought and due for a pause. Today it’s slightly oversold and a rally from this position would be a very good sign. For today’s official Daily Battle Plan set-ups click here.

Pausing Today Would be Considered Normal

Larry Connors

The market is now overbought and due for a pause. Yesterday saw panic buying from hedge funds as they were buying high beta stocks getting back into the same companies they sold last month for little to no reason. These people move in herds and we saw the exact same herding affect in August 2007 [Read More]

Volatile Markets Create Opportunities to Trade Gaps

2

Gaps are created when a stock or ETF opens significantly higher or lower than it closed the previous day. Traders have developed a variety of rules for trading gaps but few have tested their rules. Stock Gap Trading Strategies that Work and ETF Gap Trading Strategies that Work provide quantified results and back tested results [Read More]

Moving Averages Highlighted Brief Rally in Energy Stocks

1

Many traders use moving averages (MAs) as a trend-following tool. This approach fails to take advantage of the moving average’s ability to pinpoint oversold extremes in price. That characteristic of MAs is the concept behind quantified research that was detailed in Trading Stocks & Options with Moving Averages; A Quantified Approach, a guidebook that explains how [Read More]

It Makes Little Sense Going too Heavy Here

Larry Connors

Thursday was the pause day, Friday was the rally today. In bull markets, Monday would be the follow-through day and it was very good. The market is now slightly overbought and due for a pause but the behavior for the past three days has been constructive. There is a lot of money that was moved [Read More]

We Now get the Chance to See the True Health of the Market

Larry Connors

Daily Battle Plan subscribers should have locked in their gains in the full position in SPY. Thursday was the pause day, Friday was the rally today. In bull markets, today would be the follow-through day. We now get the chance to see the true health of the market. For today’s official Daily Battle Plan set-ups [Read More]

Time for Trading Strategies to Shift to Bear Market Mode

oct 20

Last Monday, SPDR S&P 500 (NYSE: SPY) closed below its 200-day moving average (MA). We have demonstrated the importance of trading in the direction of the long-term trend for many years. How Markets Really Work is a book that we first published in 2004. Based on data, we determined that the direction of the long-term [Read More]

Market Knife Down in Pi Time Symmetry

Kevin Haggerty

In the previous commentaries I said that there was a significant long term Pi time symmetry date in the first week of Sept, and I also included excerpts of that data in the previous commentary The NYA (NYSE Composite) made a bull cycle high at 11,108 on 9/4/14 and has declined -11.0% (so far) to [Read More]

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