Overbought/Oversold Readings

As always I will have commentary available this upcoming Sunday in the Weekly Review/Preview. Also, subscribers look for the August Expiration report this Sunday on the Insider’s page of the website.

Until then have a wonderful weekend!

Andy

Overbought/Oversold levels for August 15, 2008

ETF Extremes Options Strategy

* S&P 500 (SPY) - 62.6 (neutral)
* Dow Jones (DIA) - 56.3 (neutral)
* Russell 2000 (IWM) - 72.1 (overbought)
* NASDAQ 100 (QQQQ) - 76.6 (overbought)

Sector ETF Extremes Options Strategy

* Biotech (IBB) - 64.9 (neutral)
* Consumer Discretionary (XLY) - 69.3 (neutral)
* Health Care (XLV) - 80.0 (very overbought)
* Financial (XLF) - 49.2 (neutral)
* Energy (XLE) - 37.6 (neutral)
* Industrial (XLI) - 60.5(neutral)
* Materials (XLB) - 56.1 (neutral)
* Real Estate (IYR) - 55.0 (neutral)
* Retail (RTH) - 73.1 (overbought)
* Utilities (XLU) - 39.7 (neutral)

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