August 20, 2017

Short-Term High-Probability, Mean-Reversion Indicator – Major Indices Ready for a Bounce?

I am going to keep it short and sweet tonight.

I am still very enthused with the current trade in the High-Probability, Mean-Reversion strategy. The trade is currently down a bit, but I expect to see a continuation of the push higher that occurred throughout the day today.

I also wanted to remind my subscribers to stay tuned for more updates or alerts in the coming days.

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Short-Term High-Probability, Mean-Reversion Indicator – as of close 3/15/11

Benchmark ETFs

* S&P 500 (SPY) – 26.9 (oversold)
* Dow Jones (DIA) 26.9 (oversold)
*Russell 2000 (IWM) – 27.3 (oversold)
* NASDAQ 100 (QQQQ) – 23.6 (oversold)

Sector ETFs

*Biotech (IBB) – 35.5 (neutral)
* Consumer Discretionary (XLY) – 29.4 (oversold)
* Health Care (XLV) – 27.0 (oversold)
* Financial (XLF) – 30.2 (neutral)
* Energy (XLE) – 36.7 (neutral)
* Gold Miners (GDX) – 26.1 (oversold)
* Industrial (XLI) – 34.2 (neutral)
* Materials (XLB) – 37.7 (neutral)
*Real Estate (IYR) – 36.4 (neutral)
* Retail (RTH) – 31.2 (neutral)
* Semiconductor (SMH) – 20.1 (oversold)
* United States Oil Fund (USO) – 25.7 (oversold)
* Utilities (XLU) –26.5 (oversold)

International ETFs

* Brazil (EWZ) – 41.1 (neutral)
* China 25 (FXI) – 36.6 (neutral)
* EAFE (EFA) – 10.3 (very oversold)
* South Korea (EWY) – 36.9 (neutral)

Commodity ETFs

* Gold (GLD) – 29.4 (oversold)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 71.6 (overbought)
* Small-Cap Bull 3x (TNA) – 27.1 (oversold)
*UltraLong QQQQ (QLD) – 23.8  (oversold)
* Ultra Long S&P 500 (SSO) – 26.9 (oversold)
* Ultra Short S&P 500 (SDS) – 72.2 (overbought)
* UltraShort 20+ Treasury (TBT) – 26.7 (oversold)

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Kindest,

Andy