June 26, 2017

Overbought/Oversold Readings

Here are the overbought/oversold numbers as we head into the weekend. Next week brings options expiration and I think we could in store for a doozy. Anyway, I will save my commentary for the Weekend Report due out Sunday. 

Until then, have a wonderful weekend. Life is good!

Andy

Overbought-Oversold levels for November 14, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) – 36.6 (neutral)
* Dow Jones (DIA) – 38.7 (neutral)
* Russell 2000 (IWM) – 34.6 (neutral)
* NASDAQ 100 (QQQQ) – 31.6 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) – 45.2 (neutral)
* Consumer Discretionary (XLY) – 41.2 (neutral)
* Health Care (XLV) – 35.9 (neutral)
* Financial (XLF) – 34.1 (neutral)
* Energy (XLE) – 46.8 (neutral)
* Industrial (XLI) – 36.2 (neutral)
* Materials (XLB) – 36.2 (neutral)
* Real Estate (IYR) – 35.0 (neutral)
* Retail (RTH) – 36.2 (neutral)
* Utilities (XLU) – 51.9 (neutral)

Ultra Extremes (Insiders Page Only)

* Ultra Long (SSO) – 36.3 (neutral)
* Ultra Short (SDS) – 56.8 (neutral)

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