A Pullback Today will Provide a Good Opportunity

Larry Connors

Slightly oversold, A further pullback today will provide a good opportunity to begin scaling-into SPY. For today’s official Daily Battle Plan set-ups click here.

Right Now the Opposite is Occurring

Larry Connors

Yesterday was the continuation of the buying after Monday’s traditional pause day. The end-of month upward bias in prices in place along with aggressive buying from hedge funds who are desperately trying not to have their worst month since 2012 created a buying panic that led to yesterday’s rally. The Fed announcement and Tuesday’s mid-term [Read More]

Bollinger Bands® Trade Signals Appearing in Fixed Income ETFs

4

Like almost any indicator, Bollinger Bands® can be used to develop a trading strategy. The guidebook ETF Trading with Bollinger Bands demonstrates that Bollinger Bands can be applied to develop one of the most reliable strategies you’ll be able to trade. ETF Trading with Bollinger Bands details precise entry and exit rules for high probability [Read More]

No Real Edges in Place Today

Larry Connors

Yesterday was the traditional pause day which occurs after market become overbought. With the end-of month upward bias in prices in place along with the election nearing, the market may become quiet without a major news event occurring. No real edges in place today but this will be short-lived as it always. For today’s official [Read More]

Headlines will Continue to Predominate Prices

Larry Connors

The market is short-term overbought and due for a pause/pullback. Headlines will continue to predominate prices so proper position sizing should reflect this fact. For today’s official Daily Battle Plan set-ups click here.

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

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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]

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