August 20, 2017

Finally, well, almost

I am finally back after a two day hiatus. Of course, there are a few more adjustments that need to made to the site, but the new, wider version should allow me to post more charts which is something I have wanted to do for quite some time but the format of the blog was not really accommodating.  Well, now it is, so get ready for some big changes.

As for the current state of the market, well, 900 just could not hold as expected (post from a few days back). Moreover, the futures are down substantially overnight and unless something drastic occurs I expect to see a gap down tomorrow. It could be our first gap trade in quite some time so all of you Gap Fade subscribers be ready.

As for the other two strategies, well, a move back down to a short-term oversold state could lead to a nice short-term opportunity for the bulls. We shall see soon enough.

The ETF Extremes strategy contniues to outperform the market by a substantial margin and with a little help our other two strategies could be back in the black before you know it. They are basically flat on the year which compared to the market is pretty damn good. Unfortunately, not good enough.

There will be a few changes made to the benefit of subscribers as we enter 2009 so stay tuned.

I hope all of you are having a wonderful holiday season.


Overbought-Oversold levels for December 11, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) – 49.2 (neutral)
* Dow Jones (DIA) – 47.7 (neutral)
* Russell 2000 (IWM) – 45.8 (neutral)
* NASDAQ 100 (QQQQ) – 49.5 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) – 45.9 (neutral)
* Consumer Discretionary (XLY) – 52.6 (neutral)
* Health Care (XLV) – 56.5 (neutral)
* Financial (XLF) – 41.2 (neutral)
* Energy (XLE) – 63.7 (neutral)
* Industrial (XLI) – 43.3 (neutral)
* Materials (XLB) – 52.8 (neutral)
* Real Estate (IYR) – 42.5 (neutral)
* Retail (RTH) – 48.1 (neutral)
* Utilities (XLU) – 48.7 (neutral)

Ultra Extremes (Insiders Page Only)

* Ultra Long (SSO) – 48.0 (neutral)
* Ultra Short (SDS) – 46.3 (neutral)

If you would like to follow my strategies with real-time alerts or have them auto-traded by a participating broker please click the following link! Try my options trading strategies.