Colgate-Palmolive Could be a Buy Before Friday’s Earnings Announcement

Colgate-Palmolive (NYSE: CL) is scheduled to release its first quarter earnings on Friday. Analysts expect the company to report earnings per share of $0.68, up slightly from $0.66 that CL reported for the first quarter of 2013. Three analysts have increased their estimates for this quarter over the past thirty days, a bullish indicator for [Read More]

The Anticipation of a Pause/Pullback

Larry Connors

Rising prices and declining implied volatility remain in place as the bull market continues on. At this point the market is overbought and you could see that late day intraday rise in VIX showing the anticipation of a pause/pullback. Such behavior would be normal here and will likely occur within a day or so. For [Read More]

Bear Funds Oversold After Market Rally

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With stocks enjoying their longest rally since last September according to Bloomberg, inverse ETFs are among the few oversold trading opportunities available to short-term traders. Bear funds for every market cap and several sectors are oversold with a ConnorsRSI reading below 20. The table below shows some of the most oversold ETFs and notes the [Read More]

Market Symmetry Part Two

Kevin Haggerty

The QQQ and IWM made new bull cycle highs on 3/7/14, which was the anticipated 8.6 cycle time period symmetry, as you were aware of from previous commentaries. The symmetry was 60.2 mo`s, which is 7 x 8.6, and it was confirmed by an O/B condition so the reversal probability was high. The QQQ, following [Read More]

The Daily Hallmark of a Bull Market

Larry Connors

A quietly rising market with lowering implied volatility is the daily hallmark of a bull market. Outside of an unforeseen event, the market will likely continue its longer term rise. Shorter term there are no edges here today and we’ll patiently wait for the next pullback to trade. For a free trial to the Daily [Read More]

Corn ETF Pulls Back to Oversold

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Agricultural commodities have been among the biggest movers in the first months of 2014. In the past, only futures traders were able to trade commodities directly but these markets can now be easily traded with ETFs. Some of those ETFs have made large moves in recent weeks. iPath DJ-UBS Coffee TR Sub-Idx ETN (NYSE: JO), [Read More]

VIX Trading Back Near Two Month Lows

Larry Connors

Thursday’s pause was as expected from overbought conditions and the market is now only slightly overbought. The VIX, after spiking to above 17 is now trading back at near two month lows which again reaffirms the bull market. The next day or so is a toss-up but longer term, as we have been saying for [Read More]

ConnorsRSI Confirms United Healthcare and IBM as Potential Buys

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UnitedHealth Group (NYSE: UNH) and IBM (NYSE: IBM) released quarterly results that disappointed investors on Friday and both stocks fell more than 3%. Heading into next week, traders are faced with the challenge of determining if the selloffs have gone too far. ConnorsRSI can be used to quantify the answer to that question. ConnorsRSI is [Read More]

IMB and Google’s Earnings

Larry Connors

With all three major US indexes showing ConnorsRSI readings above 80, the market is overbought and due for a near term pullback/pause. IMB and Google’s earnings will create a good reason to put the brakes on the recent rise and allow the market time to get ready for the next wave higher. For a free [Read More]

Seven Severely Oversold Stocks Due for a Bounce

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Finding stocks with multiple potential buy signals can be a profitable trading strategy. Yesterday, for example, we highlighted four stocks that were potential buys under several different buy strategies. That group delivered an average gain of 2.07% yesterday with three winners and one loser. Today, we have a list of seven stocks that are oversold [Read More]

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