Week of 03-16 - ETFs VIPES

This blog entry is simply a collection of thoughts as I look for ETFs to enter my next trades. I'm looking for candidates to a Low Prob Iron Condor as well as small calendars and iron butterflies. As I go through, I'll wrte my comments on each ETF I track.

SLV: Never traded, however the VIPEs don't look too bad, seems like it is taking a retracement or reversal from previous up-trend. Has been steady for the last few days.

USO: Seems like it has been in a down-trend, has been jumping around over 1 st. deviation for the past few days.

EEM: Quite a few gaps. It still is inside a large channel. Not too jumpy lately.

OIH: Not trending, it has been jumping around over 1 st. deviation in quite a few days recently.

RUT: Took a serious dive, and now jumping over 2 st. deviation. Approach with much care

XLE: Had been in a chanel, broke down from it, seem to be tracing back. Note it has not been jumping around too much, only 3 days with over 2 st. deviation in the past 60 days.

TLT: Seems like it has been moving down. Price action not too bad, just about 5 big days (over 2 st. deviation) in the past 60.

DBA: Behaving well. Channeling. Price action is great, only 3 days with over 2 st. deviation in the past 60.

DIA: Was dragged down, price action is choppy, quite a few large days (7 with on or around 2 st. deviation)

GLD: Price action is decent, only 3 large days. Seems to be going back into a channel.

IWM: Recovering from a down-drag, had about 6 large days, but quite a few with over 1 st. deviation

MDY: Recovering from the down-drag, but with only 4 large days, price action is quite decent, not too many 1 st. deviation days either.

RTH: Not so sure about its price action, had a 3 st. deviation day and quite a few that are on or around 1 st. deviation. Has been dragged down as well, and seems to be recovering.

SMH: This one seems to still be in the channel. Price action not too jumpy. Currently at the top of its range.

SPY: Has been in a down-trend for a while, price action not so good, quite a few large days, including a -3 st. deviation day on the down-side.

EWZ: Very jumpy price action, quite a few 2 st. deviation days. Seems to be insie a channel.