June 26, 2017

ETFs Back in a Short-term Neutral State

All of the ETFs I follow are back in a short-term neutral state. The two day rally has pushed all of the ETFs I follow back into a neutral state from the extreme oversold readings reached late last week. So, in terms of an edge, there really isn’t one based on the high-probability, mean-reversion indicator I follow for my two options strategies.

However, the market is currently entering one of the strongest seasonal periods of the year and a Santa Claus rally look imminent. As a result, I am short-term bullish on the market.

I will be back later with more details, but I wanted to get out my indicators sooner than later.

As always, please feel free to contact me with any questions or comments that you might have.

Kindest,

Andy

I will be back later this weekend with more options related info. Stay tuned!

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