June 23, 2017

Overbought and Ready

I am keeping it short tonight.

Hurricane Irene took its toll on my home state. Vermont took quite a hit. The remnants left behind from Irene will last for quite some time. Fortunately, other than a loss of power and being stranded on the mountain on which I live things are quite normal.

Anyway…

It has been several weeks since our last trade in the High-Probability, Mean-Reversion options strategy and the time has finally come for a trade. If, (and that is a big if) the market opens higher tomorrow I expect to see several signals trigger which will certainly mean that a trade alert is imminent. Subscribers stay tuned.

Also, for those of you who are subscribers to the Theta Driver strategy, I plan on making a trade in the next two days. I know I stated that last week, but the bulls just seemed to have some short-term steam, so I wanted to wait until the market reached a short-term overbought state before adding another position. Stay tuned!