Correlations Have Greatly Increased
Today the market is back to short-term oversold. Correlations have greatly increased and selling has been global with every liquid Country Fund ETF in the world (there are over 70) coming into the day with ConnorsRSI readings under 35. Another down day will provide a good opportunity to begin scaling into the ETFs which are above their 200 day ma.
Today’s Potential Opportunities on Further Pullbacks:
ETFs: QQQ