ETF Trading with Larry Connors: The End of Month Short Squeeze Bear Market Rally

For the Larry Connors fans out there, this is some great short-term forward looking advice:


By Larry Connors | TradingMarkets.com | September 27, 2011 08:40 AM
 

No news was good news and the short squeeze bear market rally I discussed Friday and yesterday morning came to fruition on Monday.

The market is now in neutral territory as both our Country Fund ETF Universe and Main ETF Universe have 2-period RSI readings in the 50’s. Any large movement over the next few days will be tied to Europe. Should there not be unexpected news, the rally will continue because it’s the end of the month (and quarter), and the powers that be would much rather see the market down a bit/flat rather than down 7%. They’ll get their way if the news from Europe cooperates.

Should the market rally over the next few days, it will provide some excellent short opportunities heading into Thursday.

The above is from Larry Connors’ Daily Battle Plan.

To learn more about the Daily Battle Plan – including access to Larry’s daily ETF trading signals, click here for more information.

And for more on ETF trading, be sure to visit us here to check out the book that Stocks, Futures and Options (SFO) Magazine called one of the best trading books of 2009: High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading.

Read original article here

Tuesday, September 27th, 2011 Uncategorized

No comments yet.

Leave a comment

You must be logged in to post a comment.