Overbought-Oversold for September 26, 2008

Here are the overbought-oversold readings as promised. Unfortunately, due to unforeseen circumstances I will not have the weekly newsletter available until tomorrow.

Have a great night!

Andy

Overbought-Oversold levels for September 26, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) – 50.6 (neutral)
* Dow Jones (DIA) – 54.9 (neutral)
* Russell 2000 (IWM) – 47.3 (neutral)
* NASDAQ 100 (QQQQ) – 42.7 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) – 63.2 (neutral)
* Consumer Discretionary (XLY) – 46.8 (neutral)
* Health Care (XLV) – 48.4 (neutral)
* Financial (XLF) – 59.4 (neutral)
* Energy (XLE) – 35.7 (neutral)
* Industrial (XLI) – 35.7 (neutral)
* Materials (XLB) – 28.9 (oversold)
* Real Estate (IYR) – 48.1 (neutral)
* Retail (RTH) – 49.3 (neutral)
* Utilities (XLU) – 53.1 (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.