Short-term Overbought/Oversold Readings for August 28, 2009
August 28, 2009 · Print This Article
I will be back this weekend on some commentary involing the strategies including the Iron Condor this weekend.
Overbought-Oversold levels for August 28, 2009
ETF Extremes Options Trading Strategy
* S&P 500 (SPY) – 76.3 (overbought)
* Dow Jones (DIA) – 71.9 (overbought)
* Russell 2000 (IWM) – 58.8 (neutral)
* NASDAQ 100 (QQQQ) – 69.5 (neutral)
Other ETFs
* Ultra Long (SSO) – 71.2 (overbought)
* Ultra Short (SDS) – 26.7 (oversold)
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