First of all I wanted to remind everyone that the first issue of our new semi-monthly newsletter will be out on Wednesday November 1st. The newsletter will include our two current option strategy models plus one additional option strategy (Short Iron Condor) and our first stock-based ETF model. Each issue will also include articles on investment strategy tips, sentiment and technical research, and personce finance. Give it a try, we are certain you will find the information in all of your investment endeavors.
We are currently offering the newsletter free for two months with any
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Our goal is to have Mark Hulbert, the ultimate investment newsletter resource pick up our new stock-based ETF portfolio. Currently, www.pro-option-profits.com, a wonderful site that keeps tabs on all options-based newsletters, follows our option-based portfolios and our ETF Extremes strategy happens to be doing quite well compared to other options newsletter services. Check it out!
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The market is in the midst of some strong seasonal bullishness. I have stated several times over the past week how the end of October/beginning of November typically sides with the bulls. I would not be surpised to see the a test of the recent highs this week alothough with the mid-term elections about a week away I would be surprised to see the market break through that level. The market will most likely stay within the current trading range until the elections pass. A change politically could spark a correction that extends well into November. Only time will tell. Have a great night!
RSI Wilder (5) for October 30, 2006
- SPY - 56.9 (neutral)
- DIA - 55.8 (neutral)
- IWM - 59.1 (neutral)
- QQQQ - 57.3 (neutral)
Andrew Crowder, Chief Investment Strategist, www.crowderinvestments.com