Short-Term High-Probability, Mean Reversion Indicator

February 24, 2011

I just wanted to post the numbers for the indicator tonight. One quick note - USO and GLD have RSI (2) readings that have reached historical extremes.

Also, another successful trade today in the High-Probability, Mean-Reversion strategy. The strategy is up 23.7% since it was initiated in November 2010. Check it out here. Remember, patience pays. This is a long-term strategy, not a fly-by night get-rich quick options strategy. IF you have any questions about the strategy please do not hesitate to email me.

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE.
Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/16/11

Benchmark ETFs

* S&P 500 (SPY) – 26.6 (oversold)
* Dow Jones (DIA) 29.4 (oversold)
*Russell 2000 (IWM) – 26.7 (oversold)
* NASDAQ 100 (QQQQ) – 18.4 (very oversold)

Sector ETFs

*Biotech (IBB) – 21.7 (oversold)
* Consumer Discretionary (XLY) – 28.0 (oversold)
* Health Care (XLV) – 27.1 (oversold)
* Financial (XLF) – 26.4 (oversold)
* Energy (XLE) – 75.6 (overbought)
* Gold Miners (GDX) – 77.9 (overbought)
* Industrial (XLI) – 19.3 (very oversold)
* Materials (XLB) – 27.0 (oversold)
*Real Estate (IYR) – 33.8 (neutral)
* Retail (RTH) – 22.6 (oversold)
* Semiconductor (SMH) – 24.8 (oversold)
* United States Oil Fund (USO) – 87.8 (very overbought)
* Utilities (XLU) –37.6 (neutral)

International ETFs

* Brazil (EWZ) – 50.4 (neutral)
* China 25 (FXI) – 30.3 (neutral)
* EAFE (EFA) – 33.3 (neutral)
* South Korea (EWY) – 20.6 (oversold)

Commodity ETFs

* Gold (GLD) – 91.8 (very overbought)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 71.6 (overbought)
* Small-Cap Bull 3x (TNA) – 26.4 (oversold)
*UltraLong QQQQ (QLD) – 18.2 (very oversold)
* Ultra Long S&P 500 (SSO) – 27.9 (very oversold)
* Ultra Short S&P 500 (SDS) – 70.7 (verybought)
* UltraShort 20+ Treasury (TBT) – 23.8 (oversold)

I work hard to bring you my latest views, opinions and research on a daily basis. If you are a loyal reader and find my thoughts useful please show your support by joining my newsletter service. For the first time, I am offering a 30-Day Free Trial.

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Short-Term High-Probability, Mean Reversion Indicator- USO and GLD Hit Overbought Extremes

February 23, 2011

The holiday-shortened week started with the market in a short-term overbought state. Couple the aforementioned with the seasonally bearish trading day that typically occurs immediately following options expiration and one can quickly see why a short-term decline seemed likely.

However, no one could have ever predicted the madness that occurred in Libya.

The violence in Libya led to a 9% increase in oil prices and was the major catalyst to the 1.4% decline in the Dow (DIA). The uncertainty surrounding the middle east pushed USO and GLD into a short-term overbought state. Both have RSI (2) readings above 98.

The decline helped to push the current position in the High-Probability, Mean-Reversion Strategy back into a profitable state. If the market opens lower tomorrow I will most likely take the profits off the table so subscribers stay tuned for the possibility of an email or tweet.

If tomorrow goes well this will make the seventh straight profitable trade in the strategy for a 100% win ratio. The strategy started back in early November. I will be back with full details on the trade tomorrow.

Benchmark ETFs

* S&P 500 (SPY) – 34.9 (neutral)
* Dow Jones (DIA) 41.0 (neutral)
*Russell 2000 (IWM) – 38.3 (neutral)
* NASDAQ 100 (QQQQ) – 22.7 (oversold)

Sector ETFs

*Biotech (IBB) – 28.9 (oversold)
* Consumer Discretionary (XLY) – 39.4 (neutral)
* Health Care (XLV) – 38.4 (neutral)
* Financial (XLF) – 26.4 (oversold)
* Energy (XLE) – 62.0 (neutral)
* Gold Miners (GDX) – 67.2 (neutral)
* Industrial (XLI) – 28.6 (oversold)
* Materials (XLB) – 30.5 (neutral)
*Real Estate (IYR) – 48.4 (neutral)
* Retail (RTH) – 33.9 (neutral)
* Semiconductor (SMH) – 33.6 (neutral)
* United States Oil Fund (USO) – 82.1 (very overbought)
* Utilities (XLU) –37.6 (neutral)

International ETFs

* Brazil (EWZ) – 42.8 (neutral)
* China 25 (FXI) – 29.0 (oversold)
* EAFE (EFA) – 31.1 (neutral)
* South Korea (EWY) – 22.4 (oversold)

Commodity ETFs

* Gold (GLD) – 88.1 (very overbought)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 59.0 (neutral)
* Small-Cap Bull 3x (TNA) – 37.6 (neutral)
*UltraLong QQQQ (QLD) – 22.3 (oversold)
* Ultra Long S&P 500 (SSO) – 34.4 (neutral)
* Ultra Short S&P 500 (SDS) – 64.4 (neutral)
* UltraShort 20+ Treasury (TBT) – 27.3 (oversold)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Consumer Discretionary and Nasdaq 100 Hit Short-Term Overbought Extreme

February 17, 2011

The market marched higher again today and pushed quite a few of the ETFs I follow in an overbought state.

However, only Consumer Discretionary (XLY) and the Nasdaq 100 (QQQQ) ETFs hit a short-term overbought extreme, but neither have RSI (2) readings above 95 so I am only watching from the sidelines for now. If they can push to extreme levels (95+) then there could be a potential for a trade. Until then I will patiently wait on the sidelines.

I still have a position in my High-Probability, Men-Reversion strategy and I am quite comfortable with it at the moment as most of the ETFs that I follow have pushed into an overbought state. This often signals that a short-term (1-3 days) reprieve is right around the corner.

Furthermore, historical seasonal tendencies seem to be lining up as the next three days are quite bearish for the market and as most of my loyal readers already know, the third day consists of the trading day following options expiration which is historically very bearish.

Did I mention that we still have a few unclosed gaps below?

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/16/11

Benchmark ETFs

* S&P 500 (SPY) – 78.5 (overbought)
* Dow Jones (DIA) 78.2 (overbought )
*Russell 2000 (IWM) – 75.9 (overbought)
* NASDAQ 100 (QQQQ) – 84.3 (very overbought)

Sector ETFs

*Biotech (IBB) – 72.9 (neutral)
* Consumer Discretionary (XLY) – 84.1 (very overbought)
* Health Care (XLV) – 73.9 (overbought)
* Financial (XLF) – 78.8 (overbought)
* Energy (XLE) – 71.4 (overbought)
* Gold Miners (GDX) – 72.3 (overbought)
* Industrial (XLI) – 77.1 (overbought)
* Materials (XLB) – 68.3 (neutral)
*Real Estate (IYR) – 72.3 (overbought)
* Retail (RTH) – 62.1 (neutral)
* Semiconductor (SMH) – 75.5 (overbought)
* United States Oil Fund (USO) – 22.6 (oversold)
* Utilities (XLU) –39.1 (neutral)

International ETFs

* Brazil (EWZ) – 67.8 (neutral)
* China 25 (FXI) – 57.8 (neutral)
* EAFE (EFA) – 71.6 (overbought)
* South Korea (EWY) – 23.2 (oversold)

Commodity ETFs

* Gold (GLD) – 74.3 (overbought)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 22.8 (oversold)
* Small-Cap Bull 3x (TNA) – 76.0 (neutral)
*UltraLong QQQQ (QLD) – 84.1 (very overbought)
* Ultra Long S&P 500 (SSO) – 78.5 (overbought)
* Ultra Short S&P 500 (SDS) – 20.4 (oversold)
* UltraShort 20+ Treasury (TBT) – 46.9 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

USO Hits an Oversold Extreme

February 16, 2011

I just wanted to post the High-Probability, Mean-Reversion indicator without much fanfare tonight.

The slight decline today pushed quite a few of the overbought readings back to a neutral state. USO is the one “very oversold” ETF that I am keeping a close eye. The RSI (2) has pushed to below 1 at 0.84. A very extreme level indeed.

If the ETF opens up lower tomorrow I will most likely be taking a position so subscribers please keep a close eye on the inbox.

Have a wonderful night!

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/15/11

Benchmark ETFs

* S&P 500 (SPY) – 69.4 (neutral)
* Dow Jones (DIA) 65.7 (neutral )
*Russell 2000 (IWM) – 68.7 (neutral)
* NASDAQ 100 (QQQQ) – 77.9 (overbought)

Sector ETFs

*Biotech (IBB) – 65.7 (neutral)
* Consumer Discretionary (XLY) – 78.7 (overbought)
* Health Care (XLV) – 61.8 (neutral)
* Financial (XLF) – 72.9 (overbought)
* Energy (XLE) – 78.7 (overbought)
* Gold Miners (GDX) – 70.1 (overbought)
* Industrial (XLI) – 71.1 (overbought)
* Materials (XLB) – 55.3 (neutral)
*Real Estate (IYR) – 67.5 (neutral)
* Retail (RTH) – 60.0 (neutral)
* Semiconductor (SMH) – 67.4 (neutral)
* United States Oil Fund (USO) – 15.1 (very oversold)
* Utilities (XLU) – 44.8 (neutral)

International ETFs

* Brazil (EWZ) – 56.7 (neutral)
* China 25 (FXI) – 39.2 (neutral)
* EAFE (EFA) – 49.0 (neutral)
* South Korea (EWY) – 23.4 (oversold)

Commodity ETFs

* Gold (GLD) – 73.2 (overbought)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 29.4 (oversold)
* Small-Cap Bull 3x (TNA) – 68.6 (neutral)
*UltraLong QQQQ (QLD) – 77.5 (overbought)
* Ultra Long S&P 500 (SSO) – 70.3 (overbought)
* Ultra Short S&P 500 (SDS) – 27.8 (oversold)
* UltraShort 20+ Treasury (TBT) – 41.2 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Market Enters One of the Weakest Parts of the Year in a Short-Term “Very Overbought” State. Short-Term Reprieve Ahead?

February 14, 2011

Twenty out of the twenty-nine ETFs that I follow in the High-Probability, Mean-Reversion strategy have moved into a short-term “overbought” to “very overbought” state. Typically, when we see this type of short-term reading a1-3 day reprieve is right round the corner.

There are several potentially bearish signals in the making right now. For one, all of the major market benchmarks are struggling with strong overhead resistance. Also, as I stated yesterday, we have two unclosed gap from 2/1 and 2/7 that are weighing on the market.

Moreover, with the exception of tomorrow (11th trading day), the rest of the month is overwhelmingly bearish on a seasonal basis. On a historical basis, the 12th through the 16th trading days in February are one of the weakest stretches for the market over the course of the year. With all of the short-term bearish signals currently residing in the market I think history could repeat itself once again this year.

Couple all of the aforementioned with yesterdays quote from Jason Goepfert, “the last 3 Cisco earnings reports, each of which saw the stock get hit hard the next morning, also coincided pretty closely with the last three corrections in stocks in general (mid May, August and November). Over the 10 days following those reports, the S&P 500, at its worst point, lost -11.1%, -4.6% and -3.7%” and again the bears could be quite successful over the short-term.

Today did not do much for the current position in the High-Probability, Mean-Reversion strategy. The week of options expiration started out with sideways trading although expect volatility to pick up as the week moves on. It could be a very interesting week for the market.

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/14/11

Benchmark ETFs

* S&P 500 (SPY) – 83.5 (very overbought)
* Dow Jones (DIA) 85.0 (very overbought )
*Russell 2000 (IWM) – 83.0 (very overbought)
* NASDAQ 100 (QQQQ) – 83.6 (very overbought)

Sector ETFs

*Biotech (IBB) – 64.6 (neutral)
* Consumer Discretionary (XLY) – 77.3 (overbought)
* Health Care (XLV) – 73.0 overbought)
* Financial (XLF) – 76.8 (overbought)
* Energy (XLE) – 78.7 (overbought)
* Gold Miners (GDX) – 58.3 (neutral)
* Industrial (XLI) – 84.9 (very overbought)
* Materials (XLB) – 78.2 (overbought)
*Real Estate (IYR) – 80.7 (very overbought)
* Retail (RTH) – 55.7 (neutral)
* Semiconductor (SMH) – 81.1 (very overbought)
* United States Oil Fund (USO) – 20.7 (oversold)
* Utilities (XLU) – 33.7 (neutral)

International ETFs

* Brazil (EWZ) – 55.7 (neutral)
* China 25 (FXI) – 42.8 (neutral)
* EAFE (EFA) – 58.1 (neutral)
* South Korea (EWY) – 23.8 (oversold)

Commodity ETFs

* Gold (GLD) – 62.6 (neutral)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 16.8 (very oversold)
* Small-Cap Bull 3x (TNA) – 83.1 (very overbought)
*UltraLong QQQQ (QLD) – 82.6 (very overbought)
* Ultra Long S&P 500 (SSO) – 82.6 (very overbought)
* Ultra Short S&P 500 (SDS) – 17.8 (very oversold)
* UltraShort 20+ Treasury (TBT) – 46.8 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Short-Term High-Probability, Mean Reversion Indicator- Major Benchmarks Hit Short-Term Extreme

February 13, 2011

First of all I would like to thank all of you for your patience over the past week. I decided to take a brief hiatus from my daily writing, but that does not mean that my trading ceased. I actually placed a trade in the High-Probability, Mean-Reversion strategy last week and hopefully I will have some positive news to report early next week. Anyway…..

All of the major indices have moved into a short-term “very overbought” state. More often than not, this type of reading signals a short-term reprieve in the market. There are still unclosed gaps from 2/1 and more recently 2/7. I would expect both gaps to close as we move towards the bearish portion of February – the second worst performing month for the market.

Another short-term bearish sign is Cisco’s horrible earnings report. The report led to a 15% decline in the stock this past week.

According to Jason Goepfert, “the last 3 Cisco earnings reports, each of which saw the stock get hit hard the next morning, also coincided pretty closely with the last three corrections in stocks in general (mid May, August and November). Over the 10 days following those reports, the S&P 500, at its worst point, lost -11.1%, -4.6% and -3.7%”.

As for last week, well, it was another glorious week for the bulls. Basically, I could just copy and paste the previous statement since the rally began back in September. The stock market has now advanced for five consecutive months, and the S&P 500 is up roughly 26% since September 1. The Dow moved to its highest level since June 2008. It has certainly been a remarkable run for the market.

Market optimism has also been increasing during this time. For 23 consecutive weeks, surveys by the American Association of Individual Investors (AAII) have shown a greater-than-average belief that stock prices will rise. The last time the surveys had such a long streak of bullish sentiment was in 2004 – in the middle of a 4 ½ year rally.

I really do not care if the market continues to rally over the intermediate to long-term. However, I do care about the short-term. Given the extreme readings in the ETFs I follow (check below) I would expect to see a short-term decline as we enter the early part of next week. This would certainly lead to another profitable trade in the strategy.

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/11/11

Benchmark ETFs

* S&P 500 (SPY) – 81.2 (very overbought)
* Dow Jones (DIA) 87.0 (very overbought )
*Russell 2000 (IWM) – 80.1 (very overbought)
* NASDAQ 100 (QQQQ) – 81.7 (very overbought)

Sector ETFs

*Biotech (IBB) – 51.2 (neutral)
* Consumer Discretionary (XLY) – 88.1 (very overbought)
* Health Care (XLV) – 65.1 (neutral)
* Financial (XLF) – 76.4 (overbought)
* Energy (XLE) – 60.6 (neutral)
* Gold Miners (GDX) – 46.5 (neutral)
* Industrial (XLI) – 88.8 (very overbought)
* Materials (XLB) – 68.4 (neutral)
*Real Estate (IYR) – 81.3 (very overbought)
* Retail (RTH) – 71.5 (overbought)
* Semiconductor (SMH) – 77.0 (overbought)
* United States Oil Fund (USO) – 23.1 (oversold)
* Utilities (XLU) – 53.6 (neutral)

International ETFs

* Brazil (EWZ) – 48.3 (neutral)
* China 25 (FXI) – 33.1 (neutral)
* EAFE (EFA) – 53.5 (neutral)
* South Korea (EWY) – 14.6 (very oversold)

Commodity ETFs

* Gold (GLD) – 53.5 (neutral)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 19.2 (very oversold)
* Small-Cap Bull 3x (TNA) – 80.1 (very overbought)
*UltraLong QQQQ (QLD) – 80.6 (very overbought)
* Ultra Long S&P 500 (SSO) – 80.2 (very overbought)
* Ultra Short S&P 500 (SDS) – 19.1 (very oversold)
* UltraShort 20+ Treasury (TBT) – 48.4 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Patience Pays

February 3, 2011

The ETFs used in my High-Probability, Mean-Reversion indicator are mostly in a neutral state with XLE being the only one in an extreme state. The RSI (2) of XLE is still lower than 95, so a trade will not be considered unless the ETF pushes over that short-term level.

When short-term readings are neutral, patience is required. Overtrading is the downfall to many a trader and strategy.

As I state right on my website:

Patience is the key ingredient to the success of my strategies and forcing a trade is, in most cases, detrimental to any strategy. My strategies requires patience coupled with a disciplined approach. Waiting for the appropriate scenario to recommend trades with a high probability of success is what makes the High-Probability, Mean-Reversion strategy successful.

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 strategy appropriately. The performance speaks for itself. Capital preservation is one of the key elements of my strategies and I insist on a disciplined, risk-management approach so that the strategy will have the best chance at long-term success.

I am a realist. I realize there is no holy grail in trading. However, one thing I do know for certain is that I have found a unique, and concrete strategy that make the world of sense to me and I trade it to make serious money over the long-term. Furthermore, I realize that the less I trade, the better my strategy will perform over the long run: and the long run is what matters. This is what makes the High-Probability, Mean-Reversion strategy unique and so far, successful.

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/02/11

Benchmark ETFs

* S&P 500 (SPY) – 64.7 (neutral)
* Dow Jones (DIA) 69.7 (neutral)
*Russell 2000 (IWM) – 59.4 (neutral)
* NASDAQ 100 (QQQQ) – 59.5 (neutral)

Sector ETFs

*Biotech (IBB) – 48.8 (neutral)
* Consumer Discretionary (XLY) – 44.5 (neutral)
* Health Care (XLV) – 55.6 (neutral)
* Financial (XLF) – 58.5 (neutral)
* Energy (XLE) – 82.9 (very overbought)
* Gold Miners (GDX) – 54.6 (neutral)
* Industrial (XLI) – 63.5 (neutral)
* Materials (XLB) – 69.7 (neutral)
*Real Estate (IYR) – 70.7 (overbought)
* Retail (RTH) – 35.4 (neutral)
* Semiconductor (SMH) – 72.0 (overbought)
* United States Oil Fund (USO) – 58.5 (neutral)
* Utilities (XLU) – 49.0 (neutral)

International ETFs

* Brazil (EWZ) – 37.9 (neutral)
* China 25 (FXI) – 44.6 (neutral)
* EAFE (EFA) – 68.4 (neutral)
* South Korea (EWY) – 61.5 (neutral)

Commodity ETFs

* Gold (GLD) – 47.4 (neutral)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 37.2 (neutral)
* Small-Cap Bull 3x (TNA) – 59.0 (neutral)
*UltraLong QQQQ (QLD) – 59.0 (neutral)
* Ultra Long S&P 500 (SSO) – 63.9 (neutral)
* Ultra Short S&P 500 (SDS) – 34.7 (neutral)
* UltraShort 20+ Treasury (TBT) – 62.6 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·

Short-Term High-Probability, Mean-Reversion Indicator – Other Than Energy (XLE), ETFS Firmly Entrenched in Neutral State?

February 1, 2011

Monday’s rally helped the Dow advance to its best January in over a decade. Today’s gain helped the Dow close above 12,000 for the first time since mid-June 2008, which was right before the financial crisis moved into its worst drawdown. The Dow has gained a staggering 84% since it hit a 12-year low in early March of 2009. 480 trading days to be exact – one of the fastest rallies on record.

Now that the Dow has hit a 30-month high could the rally be coming to an end? February is the second worst performing month (after September) for the S&P since 1950.

However, for the High-Probability, Mean-Reversion strategy it truly doesn’t matter. The strategy is more concerned with short-term extremes and as you can see in the readings below the current readings are neutral in almost all of the ETFs I follow. Yes, Energy (XLE) has moved into a short-term “very overbought” state, but the RSI (2) is not as high as I would like to see.

Although, if energy moves significantly higher tomorrow we could see a reading that calls for a trade so subscribers be aware for a potential alert.

Wednesday, Thursday and Friday are all very bearish on a seasonal basis so it will be interesting to see if the historical precedents play out. A move high tomorrow could send quite a few of the ETFs I follow in the newsletter strategy back into a short-term “overbought” to “very overbought” state so the next few days could be quite busy. We shall see soon enough.

If you haven’t already, don’t forget to sign-up for my Free 30-day trial. Also, for those of you who live on Facebook. You can access my daily info there as well. Just click on LIKE

Short-Term High-Probability, Mean-Reversion Indicator – as of close 1/28/11

Benchmark ETFs

* S&P 500 (SPY) – 68.6 (neutral)
* Dow Jones (DIA) 69.6 (neutral)
*Russell 2000 (IWM) – 63.8 (neutral)
* NASDAQ 100 (QQQQ) – 61.8 (neutral)

Sector ETFs

*Biotech (IBB) – 48.4 (neutral)
* Consumer Discretionary (XLY) – 48.2 (neutral)
* Health Care (XLV) – 62.1 (neutral)
* Financial (XLF) – 69.0 (neutral)
* Energy (XLE) – 84.3 (very overbought)
* Gold Miners (GDX) – 60.6 (neutral)
* Industrial (XLI) – 68.6 (neutral)
* Materials (XLB) – 71.7 (overbought)
*Real Estate (IYR) – 70.6 (overbought)
* Retail (RTH) – 46.4 (neutral)
* Semiconductor (SMH) – 70.9 (overbought)
* United States Oil Fund (USO) – 57.1 (neutral)
* Utilities (XLU) – 60.4 (neutral)

International ETFs

* Brazil (EWZ) – 50.2 (neutral)
* China 25 (FXI) – 46.0 (neutral)
* EAFE (EFA) – 69.6 (neutral)
* South Korea (EWY) – 63.6 (neutral)

Commodity ETFs

* Gold (GLD) – 50.8 (neutral)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 34.5 (neutral)
* Small-Cap Bull 3x (TNA) – 62.5 (neutral)
*UltraLong QQQQ (QLD) – 61.1 (neutral)
* Ultra Long S&P 500 (SSO) – 68.3 (neutral)
* Ultra Short S&P 500 (SDS) – 30.3 (neutral)
* UltraShort 20+ Treasury (TBT) – 61.8 (neutral)

Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy

Filed Under Crowder's Daily Market Commentary, RSI, Technical Indicators ·