Derivatives
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Almost all of my overbought and oversold indicators that I apply to various indices and ETFs are screaming “oversold!” at the moment. One index in particular, the S&P 400 MidCap Index, stands out among the crowd. The MidCap Index, which has an ETF that trades under the ticker MDY, has been in existence since 1995. The chart below, courtesy of Yahoo, shows the performance of that index over the past 15 years. If you are looking for an overbought/oversold indicator, the 21 day r…
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9 October, 2008| Derivatives |
@ 8:08