Wednesday 6 July 2011

Market Overbought Already?

Wow that was quick, is the market quickly becoming overbought again? Based on price vs 50 day moving average and standard deviation from mean:

http://www.bespokeinvest.com/thinkbig/2011/7/6/dow-30-trading-range-screen.html

Looks like not quite completely oversold but definitely a bit more cautious than before. Just selling off a few options and hold the rest and see where we go from here.

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