Overbought-Oversold Readings

Here are the numbers. I will have more information available in the upcoming Options Expiration Report. Stay tuned and don’t forget to check your email.

Have a great weekend!

Andy

Overbought-Oversold levels for November 21, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) - 21.3 (oversold)
* Dow Jones (DIA) - 42.4 (neutral)
* Russell 2000 (IWM) - 31.7 (neutral)
* NASDAQ 100 (QQQQ) - 32.6 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) - 20.5(oversold)
* Consumer Discretionary (XLY) - 37.1 (neutral)
* Health Care (XLV) - 22.3 (oversold)
* Financial (XLF) - 19.3 (very oversold)
* Energy (XLE) - 44.8 (neutral)
* Industrial (XLI) - 31.3 (neutral)
* Materials (XLB) - 23.2 (oversold)
* Real Estate (IYR) - 16.3 (very oversold)
* Retail (RTH) - 35.1 (neutral)
* Utilities (XLU) - 56.6 (neutral)

Ultra Extremes (Insiders Page Only)

* Ultra Long (SSO) - 34.6 (neutral)
* Ultra Short (SDS) - 57.1 (neutral)

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