August 19, 2017

Underlying ETF Options Still In A Neutal State

The NASDAQ 100 (QQQQ) Gap Fade options strategy was extremely close to a signal at the open this morning, but unfortunately, QQQQ opened slightly below yesterday’s high. The last few trading days have been close calls for the the Gap Fade strategy as QQQQ has closed near session lows and highs. Today was no different as QQQQ closed near the session lows at $48.54, with the low being $48.47 so a lower open tomorrow coutld trigger a signal if the initial decline is deep enough to warrant a good risk/reward and therefore a trade. Subscribers to the strategy, as always, will receive a real-time trade alert when and if one occurs. As for the rest of you, well, I will inform you here (at the daily options blog) of any trade and the success/failure of the trade.

As for the other sectors I follow in the overbought/oversold section below, every single one is in a neutral state so I will remain patiently on the sidelines, sitting on hands, until the Mr. Probability shifts in my favor.

I would like to thank all of you you have commented on the new format and the options strategies I follow. I hope to bring you more continued success in the future as I am in this for the long-term and I hope you are as well. We build wealth slowly here as I use a simple, yet effective options strategies that have proven the test of time. Hopefully, the new Sector ETF Extremes will folow in the footsteps of our flagship strategy the ETF Extremes which has made over 150% since its inception over two years ago. During that same time frame the S&P 500 has gained barely over 10%.

I do not claim to make outlandish gains and trade fairly infrequently which is why my strategies are so reasonably priced. Furthermore, like many of the other options strategies that are used by others, my strategies are not exposed to the market every day. Actually my strategies are typically only exposed to the market a few days a month. The performance of the ETF Extremes options strategy has proven that trading less often produces better results. Give the strategy a try. If you are not 100% thrilled then do not hesitate to email within 30 days and we will refund your money immediately.

Overbought/Oversold Levels for June 17th, 2008

ETF Extremes Options Strategy

  • S&P 500 (SPY) – 41.5 (neutral)
  • Dow Jones (DIA) – 38.6 (neutral)
  • Russell 2000 (IWM) – 55.7 (neutral)
  • NASDAQ 100 (QQQQ) – 49.5 (neutral)

Sector ETF Extremes Options Strategy

  • Biotech (IBB) – 45.1 (neutral)
  • Consumer Discretionary (XLY) – 43.6 (neutral)
  • Health Care (XLV) – 42.1 (neutral)
  • Financial (XLF) – 37.2 (neutral)
  • Energy (XLE) – 63.8 (neutral)
  • Industrial (XLI) – 34.8 (neutral)
  • Materials (XLB) – 55.3 (neutral
  • Real Estate (IYR) – 59.8 (neutral)
  • Retail (RTH) – 45.1 (neutral)
  • Utilities (XLU) – 65.6 (neutral)

If you would like to follow my strategies with real-time alerts or have them autotraded by a participating broker please click the following link: SUBSCRIBE