August 19, 2017

Short-Term High-Probability, Mean Reversion Indicator

I just wanted to post the numbers for the indicator tonight. One quick note –  USO and GLD have RSI (2) readings that have reached historical extremes.

Also, another successful trade today in the High-Probability, Mean-Reversion strategy. The strategy is up 23.7% since it was initiated in November 2010. Check it out here. Remember, patience pays. This is a long-term strategy, not a fly-by night get-rich quick options strategy. IF you have any questions about the strategy please do not hesitate to email me.

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Short-Term High-Probability, Mean-Reversion Indicator – as of close 2/16/11

Benchmark ETFs

* S&P 500 (SPY) – 26.6 (oversold)
* Dow Jones (DIA) 29.4 (oversold)
*Russell 2000 (IWM) – 26.7 (oversold)
* NASDAQ 100 (QQQQ) – 18.4 (very oversold)

Sector ETFs

*Biotech (IBB) – 21.7 (oversold)
* Consumer Discretionary (XLY) – 28.0 (oversold)
* Health Care (XLV) – 27.1 (oversold)
* Financial (XLF) – 26.4 (oversold)
* Energy (XLE) – 75.6 (overbought)
* Gold Miners (GDX) – 77.9 (overbought)
* Industrial (XLI) – 19.3 (very oversold)
* Materials (XLB) – 27.0 (oversold)
*Real Estate (IYR) – 33.8 (neutral)
* Retail (RTH) – 22.6 (oversold)
* Semiconductor (SMH) – 24.8 (oversold)
* United States Oil Fund (USO) – 87.8 (very overbought)
* Utilities (XLU) –37.6 (neutral)

International ETFs

* Brazil (EWZ) – 50.4 (neutral)
* China 25 (FXI) – 30.3 (neutral)
* EAFE (EFA) – 33.3 (neutral)
* South Korea (EWY) – 20.6 (oversold)

Commodity ETFs

* Gold (GLD) – 91.8 (very overbought)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 71.6 (overbought)
* Small-Cap Bull 3x (TNA) – 26.4 (oversold)
*UltraLong QQQQ (QLD) – 18.2 (very oversold)
* Ultra Long S&P 500 (SSO) – 27.9 (very oversold)
* Ultra Short S&P 500 (SDS) – 70.7 (verybought)
* UltraShort 20+ Treasury (TBT) – 23.8 (oversold)

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Kindest,

Andy