Nothing has managed to stop the grind higher over the past month or so.
In fact, according to Jason Goepfert of sentimentrader.com, “the S&P 500 has gone 37 trading days without a 1% daily change. the second longest streak in 15 years. Couple, the aforementioned with a plethora of other extremes in the market and I think you know where I am going.
As you can see below, most of the ETFs we follow are in an extreme state. Typically, when we see these types of extremes a short-term reprieve is to follow….trade accordingly.
If you are a believer in a statistical approach towards investing please do not hesitate to try my options strategies. I use simple mean-reversion coupled with probabilities for each and every trade. Give it a try, it’s free for 30 days.
Also, due to the enormous amount of requests over the past week I have decided to keep my annual deal available for several more days. Thanks again for all of the support.