August 17, 2017

A Market Top is Near…At Least Over the Short-Term

As I stated late last week, "a reversal looks imminent." Couple my stated reasons last week, with extreme short to intermediate-term overbought readings in the major market benchmarks and you can quickly see why I think a correction, at least over the short-term, is near. Check out the short-term extremes at the bottom of the page. Tomorrow, could be the day with Bernanke up to bat.   If you haven’t, join my Twitter feed or Facebook. Also, I have officially opened up my strategies to the public.  If you are a believer in a statistical approach towards investing please do not hesitate to try one of my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, … [Read more...]