Today, the Covered Calls Advisor evaluated the current values for
each of the seven factors used to determine the "Overall Market Meter"
rating. The prior rating done about 3 months ago was "Neutral" and today's rating remains at Neutral. Of the seven factors used in the analysis, they can be categorized as macroeconomic, momentum, value, and growth metrics 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).
The current Overall Market Meter average of 2.57 (see blue line at the bottom of
the chart above) is near the lower end of the Neutral range (which is from 2.50 to 3.50). My corresponding strategy is to "on-average establish Covered Call positions that are between 3.0% in-the-money and 2.0% out-of-the-money and with short-term (one month or less) durations". As always, please email me at partlow@cox.net if you have any questions about this post or anything else related to the Covered Calls investing strategy.
Best Regards to All,
Jeff Partlow (Covered Calls Advisor)
partlow@cox.net
