May 30, 2017

Major Market Benchmarks Hit Short-term Oversold Extremes – Options Strategy Looks to Pounce

The market moved lower again today and is two trading days away  from racking up its sixth straight weekly loss. If the bulls are not able to turn it around quickly it would be the first time in nine years that the market has lost ground six straight weeks in a row. The Dow ETF (NYSE: DIA) and S&P 500 ETF (NYSE: SPY) have both pushed into a short-term oversold extreme and the RSI (2) reading has confirmed. So, subscribers stay tuned tomorrow. A trade alert could be coming your way. You can see all of the performance results for the High-Probability, Mean-Reversion strategy here. Daily Options Links of Interest Flash Crash 2.0 Thanks Daniel for the Wonderful Post on Options Spreads Bearish on LinkedIn Bubble? I Have … [Read more...]