I’m back, just in time for Bernanke.

   I am thoroughly rejuvenated after a much needed break from the daily column. As I stated in the blog, I have been working on site improvements and a new strategy, the SPY Diagonal LEAP. Before I get to that I would like to talk about the upcoming week and what lies ahead. 

The economic calendar this week is saturated with market moving reports. Tomorrow brings us the PPI and of course, one of the most talked about FOMC policy statement releases in recent memory. Moreover, Lehman Brothers is due out with quaterly results before the opening bell. The report could prove to be a valuable insight into how the credit crunch has affected the bottom line for many of the major holding companies on Wall Street. If that wasn’t enough Wednesday brings the Fed favorite, Consumer Price Index (CPI). Housing starts are also on the calendar. One thing is for certain the price action this week promises to vacillate widely.

Okay, now to the good stuff.

I have created a new Insiders’ page for subscribers. A much cleaner interface, which gives me the ability to organize my research, reports and most important my thoughts in a better format for subscribers. Up until now I have used this forum for subscribers, but up until now it has not allow me to communicate timely information that is only privy to subscribers.

So subscriber’s please check the Insiders’ page for daily technicals, reports and stratetgy related info including my own non-strategy related trading. Yes, I will be reporting my trade ideas (when they arise) on the Insiders’ page. This addition will surely add incredible value to the subscription. I will still report the oversold/overbought of the major indices on the community blog, but I will report a much more extensive list on the Insider’s page. For now I will report the ETF’s I plan on following technically in this blog. Starting next week most of this info will be moved to the Insider’s page.

For all of those interested check it out. Buy the White Paper (contains my strategies) and receive two free months of the newsletter and access to the Insiders’ page.

Okay now onto the new strategy, the SPY Diagonal LEAPS Strategy. My plan is to initiate the positions next week after options expiration. I have yet to decide just how I will do this because I want my subscribers to have priority to the information. Most likely I will post the positions in the Insider’s page with a thorough description of why I ”did what I did”. In the community blog (what you are currently reading) I will discuss the positions in a seperate post once a week until we decide to add the stratetgy to our list of auto-traded strategies. I will just have to see how things pay out as the weeks progress.

I will use the rest of the week to discuss the guidelines to the strategy. Tomorrow, the basics of the strategy. Stay tuned!

Overbought/Oversold for September 17, 2007

S&P (SPY) - 54.1 (neutral)

Russell 2000 (IWM) - 39.5 (neutral)

Dow (DIA) - 60.7 (neutral)

Nasdaq 100 (QQQQ) - 49.4 (neutral)

Gold (GLD) - 83.5 (very overbought)

Oil Services (OIH) - 51.9 (neutral)

Newly added ETF’s (will follow in the Insiders’ page (subscriber’s only) starting 9/24) will be available on the community blog tommorow. Stay tuned!

We work hard to bring you our latest views, opinions and research on a daily basis. If you are a loyal reader and find our thoughts useful please show us your support by joining our newsletter service. We currently follow 3 stock options strategies in our investment newsletter, the ETF Extremes, SPX Short Iron Condor and SPY Diagonal LEAP.

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Andrew Crowder, Chief Investment Strategist, www.crowderinvestments.com