June 2008 - Posts

• Headed for Worst June Since Depression?

  Friday, June 27, 2008 10:10 PM

  June is shaping up to be the worst June since the Depression era. Whenever the market dips this sharply this fast we often see a reversal in the following month. I do think that before that happens we could see a dip to close the gap in the NASDAQ 100 (QQQQ) that occurred back in mid-April (4/16): a level I think could act as an intermediate-term base Read More Posted by acrowder 0 Comments Go to top

• Short-term Oversold Extremes Hit the Market

  Friday, June 27, 2008 2:43 AM

  First, I would like to point out that one of the two gaps in the tech-heavy NASDAQ 100 (QQQQ) closed today. The gap from 4/18 closed and now the gap from 4/16 will most likely be next. QQQQ will have to push lower to $44.32, or $1.33 to close the gap Read More Posted by acrowder 0 Comments Go to top

• Post Fed?

  Thursday, June 26, 2008 2:02 AM

  Oversold levels dominated the market coming into “fed day”, but I am never a fan of taking a position ahead of an event that can move the market against you (and your position) in a matter of seconds. In options trading such a quick move can be devastating to a position, which is why the risk/reward always prohibits me from placing a trade ahead of major market moving events Read More Posted by acrowder 0 Comments Go to top

• High-Beta Sectors Lead the Way - Overbought/Oversold as an Indicator

  Thursday, June 19, 2008 11:44 PM

  The tech-heavy NASDAQ 100 (QQQQ) and small-cap Russell 2000 led the led the oversold bounce today. It was the stereotypically volatile day that often occurs during the week of options expiration. Today, along with many others, people ask or comment about how overbought/oversold indicators are no big deal and that overbought/oversold states can remain irrational for “longer than you can remain solvent” Read More Posted by acrowder 0 Comments Go to top

• Gap Fade Options Strategy and Signal Nearing for New Sector ETF Extremes Options Strategy

  Wednesday, June 18, 2008 11:55 PM

  The NASDAQ 100 (QQQQ) opened lower today for a gap lower. However, the gap was only $.21, which in most cases is a borderline signal. Had QQQQ been in a short-term oversold state a signal would have been triggered, but with the tech-heavy index firmly in a neutral state and the gap only $ Read More Posted by acrowder 0 Comments Go to top

• Underlying ETF Options Still In A Neutal State

  Tuesday, June 17, 2008 10:37 PM

  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 Read More Posted by acrowder 0 Comments Go to top

• Options Expiration Week Begins in a Neutral State. New ETF Extremes Options Strategy Begins Today!

  Monday, June 16, 2008 11:12 PM

  First, I would like to announce that my new Sector ETF Extremes Options Strategy began today. As I have stated over the last few posts the Sector ETF Extremes is a stock options strategy that takes advantage of short-term overbought/oversold extremes in the market Read More Posted by acrowder 0 Comments Go to top

• Back to Neutral - No Edge as the Market Approaches the Week of Options Expiration

  Saturday, June 14, 2008 6:50 AM

  The short-term status is back to neutral in every major benchmark and sector that I follow on the blog and in my options strategies. This means that I will be sitting on the sidelines as we move in to the week of options expiration. If I can’t find an edge, which means the risk/reward doesn’t suit my liking then as you all know from my past experience I have no problem sitting on the sidelines Read More Posted by acrowder 0 Comments Go to top

• Markets Lower - Gaps In Sight

  Thursday, June 12, 2008 6:00 PM

  After surging higher during the early part of the day the major benchmarks decided the advance was reason enough to take some of the short-term gains off the table. The economic struggles continue and could for quite some time, but that is not how or what I base my trading on so let us move forward Read More Posted by acrowder 0 Comments Go to top

• Site is launched! Daily blog is back! Strategies continue to move onward and upward!

  Thursday, June 12, 2008 4:00 PM

  The options strategies, particularly the ETF Extremes strategy has performed well during the websites revision up 30% over the past month or so and up over 150% since its inception two years ago. Now that is proven long-term progress. Anway, the hiatus from the blog over the past month has given me a much needed breather after two years of daily posts and now I am back stronger than ever Read More Posted by acrowder 0 Comments Go to top

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