August 20, 2017

Major Benchmarks in a Short-Term Overbought State

I am keeping it very short tonight as I am just not feeling up to snuff. My effort to eliminate caffeine from my daily regimen is taking its toll tonight, but hopefully this pounding headache is short-lived. Anyway.... The market has pushed into another short-term overbought state and as a result I placed a trade in the High-Probability, Mean-Reversion strategy. I still have two prior trades on, so this is the third open trade in the strategy. My hope is that the market takes a reprieve from the short-term overbought state over the next week so I can close all three positions. I will you with this tasty nugget from Sentimentrader.com's own Jason Goepfert:  "We mentioned last week that the Monday after October option expiration … [Read more...]