June 23, 2017

Just Another Reason To Consider The ETF Extremes Options Strategy

Today, as I was sitting on the sidelines not affected by the panic, I pondered why more people were not subscribers to my ETF Extremes strategy. Is it greed, a lack of understanding, a need to trade frequently? I expect that it is all of the above.

As I stated in my weekly newsletter today:

First, I would like to point out that while the market has moved decisively lower during 2008 the ETF Extremes has moved roughly 45% higher on only 5 signals. Yes, patience pays.

The ETF Extremes strategy continues to outperform the major benchmarks by a sizable margin. By staying diligent and waiting for high probability setups I have been able to reap a 147.8% profit with a win ratio of 85% (17 out 20 winning trades). Of course, if I started with $10,000 the % return would be substantially higher (in the range of over 200%). Read why you should always have a buying-based options strategy integrated in your portfolio.

Yes, the strategy does not trade often. It is only exposed to the market a handful of days each year, but the days in which it is in the market are high-probability trades with a disciplined stop-loss enacted for each trade. Even if you want the action, would it not be prudent to at least diversify your portfolio or trading strategies with a strategy similar to the ETF Extremes?

I can’t figure out why more people are not piling in over here. Yes, I believe in my strategies or else I would not be doing this and the self-promotion is expected by most services, but the difference is that the ETF Extremes performance speaks for itself since its inception over 30 months ago.

If you like to know more about the strategy please do not hesitate to email me. I am more than willing to answer any of your strategy-related questions.

As for the technicals, well, all of the major benchmarks (and some sectors) have pushed back into an oversold state but have yet to hit an official extreme. I would prefer to see an extreme state before I take a short-term position. Of course, I will leave it up to the proprietary readings that have led to success as a trader.

Also, I would like to point out that the next level of major support (as seen on the fib. chart from a few days ago) which is $37.42. I expect to see some struggle here and if it does move lower the next major level would be around $33.20.

Overbought-Oversold levels for September 29, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) – 23.0 (oversold)
* Dow Jones (DIA) – 29.5 (oversold)
* Russell 2000 (IWM) – 23.4 (oversold)
* NASDAQ 100 (QQQQ) – 20.8 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) – 39.05 (neutral)
* Consumer Discretionary (XLY) – 23.6 (oversold)
* Health Care (XLV) – 29.2 (oversold)
* Financial (XLF) – 35.4 (neutral)
* Energy (XLE) – 25.9 (oversold)
* Industrial (XLI) – 18.1 (very oversold)
* Materials (XLB) – 14.4 (very oversold)
* Real Estate (IYR) – 36.3 (neutral)
* Retail (RTH) – 31.8 (neutral)
* Utilities (XLU) – 31.0 (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. Remember, this is a marathon and not a sprint.