Overall Market Meter Remains "Slightly Bearish"

Today, the Covered Calls Advisor recalculated the current values for each of the seven factors used to determine the "Overall Market Meter" rating.  The result is that the Covered Calls Advisor's current market viewpoint remains at Slightly Bearish.  A graphical representation of the "Overall Market Meter" is shown in the right sidebar on this page.    

The seven factors used are categorized as macroeconomic, momentum, value, and growth metrics as as follows:
- macroeconomic (the first two indicators in the chart below),
- momentum (next two indicators in the chart),
- value (next two indicators), and
- growth (the last indicator).
Note: The rating for each of these factors is not subjective.  Each factor is calculated using objective, quantifiable measures.

The current Market Meter average of 2.71 (see blue line at the bottom of the chart above) increased from the prior analysis two months ago when the average was 2.57, but the Overall Market Meter remains in the Slightly Bearish range (Note: the Slightly Bearish range is from 2.35 to 3.09). 

So what is our current Covered Calls investing strategy?  Based on the Covered Calls Advisor's "Slightly Bearish" Overall Market Meter (see right sidebar), the corresponding strategy is to "on-average sell 1% in-the-money Covered Calls for the next options expiration month".    



As always, your comments or questions regarding this post are welcomed. Email me at the address shown in the upper-right sidebar.

Regards and Godspeed,
Jeff