June 26, 2017

Daily Short-Term, High-Probability, Mean Reversion Indicator

Short-Term, High-Probability, Mean Reversion Indicator - as of close 10/25 I hope that all of you find the following information useful in your trading endeavors. I will be back later with my daily market commentary. After being deeply oversold on a short-term basis, Brazil (EWZ) bounced back today, and is now sitting comfortably in a neutral state. The ETF gained of $.70 or 0.92%. The at-the-money EWZ Dec10 76 puts had a net change today of $0.55 or 16.4%. Even after today's failed rally (considering the highs of the day), there are still a few ETFs that I am watching for a potential trade. The QQQQ is an obvious one that I have added to my short-term watchlist. The tech-heavy index is on the border of being "very overbought" … [Read more...]