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Daily Short-Term, High-Probability, Mean Reversion Indicator - 10/22/10

|Includes:DIA, EFA, EWY, EWZ, FXI, GDX, GLD, IBB, IWM, IYR, QLD, QQQ, RTH, SDS, SMH, SPY, SSO, TBT, TNA, Direxion Daily Small Cap Bear 3x Shares ETF (TZA), USO, XLB, XLE, XLF, XLI, XLU, XLV, XLY
Short-Term, High-Probability, Mean Reversion Indicator

I hope that all of you find the following information useful in your trading endeavors. I will be back later with my daily market commentary.

Benchmark ETFs

S&P 500 (NYSEARCA:SPY) – 64.9 (neutral)
Dow Jones (NYSEARCA:DIA) – 64.2 (neutral)
Russell 2000 (NYSEARCA:IWM) – 58.8 (neutral)
NASDAQ 100 (QQQQ) – 75.6 (overbought)

Sector ETFs

Biotech (NASDAQ:IBB) –52.2 (neutral)
Consumer Discretionary (NYSEARCA:XLY) – 70.3 (overbought)
Health Care (NYSEARCA:XLV) – 60.7 (neutral)
Financial (NYSEARCA:XLF) – 50.1 (neutral)
Energy (NYSEARCA:XLE) – 65.7 (neutral)
Gold Miners (NYSEARCA:GDX) – 37.6 (neutral)
Industrial (NYSEARCA:XLI) – 63.9 (neutral)
Materials (NYSEARCA:XLB) – 49.0 (neutral)
Real Estate (NYSEARCA:IYR) – 78.5 (overbought)
Retail (NYSEARCA:RTH) – 65.6 (neutral)
Semiconductor (NYSEARCA:SMH) – 64.2 (neutral)
United States Oil Fund (NYSEARCA:USO) – 51.2 (neutral)
Utilities (NYSEARCA:XLU) – 44.9 (neutral)

International ETFs

Brazil (NYSEARCA:EWZ) – 25.8 (oversold)
China 25 (NYSEARCA:FXI) – 52.1 (neutral)
EAFE (NYSEARCA:EFA) – 55.4 (neutral)
South Korea (NYSEARCA:EWY) – 42.7 (neutral)

Commodity ETFs

Gold (NYSEARCA:GLD) – 52.9 (neutral)

Ultra Extremes

Small Cap Bear 3x (NYSEARCA:TZA) – 39. 1(neutral)
Small-Cap Bull 3x (NYSEARCA:TNA) – 57.2 (neutral)
UltraLong QQQQ (NYSEARCA:QLD) – 74.7 (overbought)
Ultra Long S&P 500 (NYSEARCA:SSO) – 63.0 (neutral)
Ultra Short S&P 500 (NYSEARCA:SDS) – 32.9 (neutral)
UltraShort 20+ Treasury (NYSEARCA:TBT) – 57.6 (neutral)

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Watch and learn firsthand how I implement my options strategies.

Kindest,

Andy



Disclosure: Short SPY, TZA, FXI
Stocks: TZA, TNA, QLD, SSO, SDS, TBT, GLD, EWY, EFA, FXI, EWZ, XLU, USO, SMH, RTH, IYR, XLB, XLI, GDX, XLE, XLF, XLV, XLY, IBB, QQQ, IWM, DIA, SPY