I apologize for the tardiness of the post. As I stated in the post earlier today there was an unforeseen circumstance that arose, but I am up early this morning so hopefully this makes it to you before the opening bell today.
I will be back with the SPY Diagonal LEAPS discussion later this afternoon.
Daily Commentary
Taking a look at the broader market the tech heavy QQQQ is still in a very overbought condition and coupled with weak seasonality ahead (end of September blues) probability still says that the upside is limited over the short-term and that a move lower is the more likely scenario.
As I take a look at the overbought/oversold levels below there are quite a few glaring overbought readings particularly in the internationals. Every international........
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Andrew Crowder, Chief Investment Strategist, www.crowderinvestments.com