The market is running sideways in range-day fashion with up and down volume fairly well matched. Tick has demonstrated a slightly more bullish bias, but only marginally so, our sentiment indicator is weak, and the VIX continues to run relatively hot. We are oversold in a short-term downtrend, but there is otherwise no indication of where we go after this pause and neither direction would surprise [add 12:58:] though I’m leaning to the downside. Meanwhile, I’ll be keeping an eye and ear out for those Treasury auction results.
A short while ago I did a review of Connors Research’s new book “High Probability ETF Trading“. I understand from his staff that they are now offering a signal service based in part on that book. I don’t receive anything from Connors for that reference (other than from Amazon should you buy through that link), it’s just good stuff.