Keeping it short tonight. Nothing has changed from my post yesterday. The market remains in dangerous territory as it hovers near all-time highs.
You just can’t ignore all of the historical precedents that are entering into the market right now.
On the other hand, commodities are very oversold right now on a short-term basis. Also, as you can see in the table below, Brazil, India and the Emerging Market ETFs are also very oversold on a short-term basis. Now might be a good time to start delving into a few bull put spreads
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.