May 22, 2017

Archives for April 2008

Performance speaks for itself

I had my first loss of the year in the ETF Extremes strategy. I should probably say that  it was only the second trade of the year, but even so, the strategy is still up 7.5% for the year. My performance goal for the year in both strategies is 30% - 50%. The market moved just high enough to hit my stop-loss this morning, so I was unable to take advantage of the move lower after the fed announcement. The market could have easily interpreted the data differently, in which case the stop-loss woud have proved effective, but just the opposite occurred. Losing trades are a definite. It is how they are managed over the long-term that proves the success of a strategy and I think I have shown over the past few years that I have managed the … [Read more...]

QQQQ remains short-term overbought

I really do not have much to say today. My stance is still the same as yesterday, at least in the tech-heavy QQQQ. From yesterday: All of the major indices are sitting directly below strong overhead resistance. Combine this with the aforementioned overbought conditions and the probability of a fade increases. Furthermore, the two gaps (4/16 & 4/18) from two weeks ago continue to weigh on the recent low volume rally. If I sound a bit bearish at the moment, well, I am, but only over the short-term. Of course, we could see an intermediate-term decline going forward (or the exact opposite) but for the purpose of my options strategies I will stick to the short-term time frame. April 29, 2008 - Crowder’s Overbought/Oversold Readings … [Read more...]

All Four Major Indices in Overbought Territory – ETF Extremes

All of the major benchmarks that I follow are back in a short-term overbought state. Typically, when this type of extreme occurs a short-term reprieve follows. All of the major indices are sitting directly below strong overhead resistance. Combine this with the aforementioned overbought conditions and the probability of a fade increases. Furthermore, the two gaps (4/16 & 4/18) from two weeks ago continue to weigh on the recent low volume rally. If I sound a bit bearish at the moment, well, I am, but only over the short-term. Of course, we could see an intermediate-term decline going forward (or the exact opposite) but for the purpose of my options strategies I will stick to the short-term time frame. Eight out of the seventeen … [Read more...]

ETF Extremes Options Strategy

Individuals that look for frequency of trading within a given options strategy are often disappointed with the long-term results. In most cases, the less you trade, the better you will do in the long run and the long run is what matters most. This options trading strategy uses our proprietary models to take advantage of sentiment and technical extremes. We are proud to be one of the only stock options-based newsletters to offer recommendations based on sentiment and technical extremes in the market. This options strategy requires patience coupled with a disciplined approach. The strategy will make approximately, on average 1 to 3 recommendations a month with holding periods of 1 to 5 days; however, there will be some months when no … [Read more...]

Sector ETF Extremes Options Strategy

A short-term stock options strategy that is based on a technical mix of overbought and oversold extremes in the market. The Sector ETF Extremes Stock Options Strategy is the same as the ETF Extremes Options Strategy with the only difference being the underlyings of choice. Biotech (IBB), Consumer Discretionary (XLY), Health Care (XLV), Financial (XLF), Energy (XLE), Industrial (XLI), Materials (XLB), Real Estate (IYR), Retail (RTH), Utilities (XLU) are the underlyings of choice for the Sector Extremes Option Trading Strategy. Individuals that look for frequency of trading within a given strategy are often disappointed with the long-term results. In most cases, the less you trade, the better you will do in the long run and the long run … [Read more...]

Join My High Probability, Mean-Reversion Options Strategy Newsletter Today!

The performance speaks for itself. CrowderOptions.com High-Probability, Mean-Reversion Newsletter 30-day Free Trial – I am confident that after 30-days you will feel comfortable with my strategy. Give it a try, what do you have to lose. A membership to CrowderOption.com Newsletter includes: 1-5 Options Trades Per Month – my proprietary trading system allows me to generate consistent winning trades, and as a member you’ll have full access to those trades the minute I post them. Real-time Email alerts – get every trade update the instant I post it, sent right to your email inbox and twitter account (if you have one). Trades will also be updated live on my website. Crowder Options Strategy Guide – a few of the options … [Read more...]

Overbought and nearing yet another signal

Two out of the four major indices and a few sectors I follow have moved back into an overbought state. The tech-heavy NASDAQ (QQQQ) is back on my radar as the indice is once again near an overbought state. My preference would be to see QQQQ (and all of the major indices) move slightly higher tomorrow. A move higher would certainly push QQQQ into an short-term extreme overbought state. Also on my radar (for the PaperTrade Extremes) is the Materials sector (XLB). It has yet to move into an oversold state, but the RSI Wilder (2) has pushed towards 5, so another day of declines should see a trigger in the strategy. April 23, 2008 Major Benchmarks Dow (DIA) - 72.3 (overbought) S&P (SPY) - 68.3 (neutral) Russell 2000 (IWM) - … [Read more...]

Will we see more short-term overbought readings over the next few days?

The major indices continued to move higher today ahead of the Apple earnings after the close and by the post market action in Apple (as I write this) we should see a continuation of the move tomorrow. If the market is able to continue the advance tomorrow we should see overbought conditions in many of the major benchmarks I follow, especially the tech-heavy NASDAQ 100 (QQQQ). I am still on the sidelines at the moment as the market just hasn’t displayed any signs of extremes. My guess is that we might see another push into overbought which should make for another decent opportunity to fade the overbought readings. The upside gaps from 4/16 and 4/18 have yet to close and I still feel as though any meaningful move to the upside will not … [Read more...]

Post Expiration Weakness

As I reported late it is anyone’s game, at least over the short-term so I will be sitting on my hands until an extreme situation occurs again. I apologize for the short posts this week, but things should be back to normal once I get back to  the Green Mountain State  next week. Have a great night! April 22, 2008 Major Benchmarks Dow (DIA) - 65.3 (neutral) S&P (SPY) - 65.8 (neutral) Russell 2000 (IWM) - 47.9 (neutral) Nasdaq 100 (QQQQ) - 61.4 (neutral) Emerging Markets (EEM) - 63.1 (neutral) more overbought/oversold levels on additional sectors found in the Insider’s page (Buy the White Paper and receive Two Months of the Insiders Page Free) - less than $1 a day.We work hard to bring you our latest views, opinions … [Read more...]

No post tonight

I am away on business for a few days and today's travel this afternoon (as always) took longer than I anticipated so I am heading to bed. There will not be an overbought/oversold report tonight. Moreover, I will not have a premarket report tomorrow morning, but I will have a post market report tomorrow afternoon. Until then take care and happy trading. … [Read more...]