Mr. Market is at it again. After a brief correction on 9/25, the S&P has managed to climb slightly higher, but that hasn’t stopped some of the ETFs I follow from pushing into a short-term overbought state. As a result, here are the top 5 ETFs that currently sit in an overbought state.
By Ian Wyatt | Sep 6, 2012
I guess Mr. Market liked the news out of Europe today. As I am writing this all of the major market indices are reaping gains around 2%. As a result, many of the ETFs I follow for the Options Advantage service have pushed into a short-term “very overbought” state. This is what I am doing.
By Ian Wyatt | Jan 13, 2012
Dividend stocks aren't usually the champions of the stock market, but they certainly have more room to grow.
By Ian Wyatt | Jul 27, 2011
The game of "debt ceiling chicken" continues as
Congress delayed a vote on Speaker Boehner's latest plan until tomorrow.
Apparently, the GOP doesn't have the votes to pass it, which would lead to
the adoption of Senate Leader Reid's plan.
I suppose this is par for the course at this point. But let's not make the mistake of thinking that Congress is trying to do what's right. They are laying politics to push the agendas of their biggest campaign donors.
For instance, Rep. Eric Cantor has been perhaps the most vocal member about not raising taxes, or closing loopholes that would result in a net gain in tax revenues. But yesterday, the Washington Post reported that Cantor has taken in $2 million in campaign contributions from hedge funds and private equity firms who don't want to see their taxes raised by the Obama administration.