Maybe it’s just us, but markets seem really boring and indecisive this week. There’s not much to talk about unless you want to talk oil or bonds. We’re beyond sick of hearing and talking about oil (though we’re dipping a toe into some short positions here), and although bonds are always more exciting than people give them credit for (we’re still in love with munis this year), well, meh.

We’re in the mood to do another newsletter takedown, so if you have a site you want us to take a look at, let us know.

CXO has some interesting data on the turn-of-the-month effect. Trader Daily can help you find a trading-friendly city, if you don’t like where you are now. If you’re not already a daily reader of Abnormal Returns, you should be.

Reversal Readings

DIA – 90.52
SPY – 92.71
QQQQ – 98.25
IWM – 96.17
FXI – China – 90.13
XLV – Healthcare – 95.81
EWA – Australia – 8.65
EWW – Mexico – 96.14
IYR – Real Estate – 96.81
RTH – Retail – 97.78
IBB – Biotech – 96.07
GLD – Gold – 0.58
BND – Bonds – 3.74

Huh.  On second thought, look at all those overbought readings (and those are just a sample)!  Exciting!

Last 5 posts by Condor Options

• Midweek Sméagol Reading - August 20th, 2008
• More on The Correlation Game - August 18th, 2008
• August Monthly Review - August 17th, 2008
• They Have the Passports to Prove It - August 13th, 2008
• Sleepy Nasdaq - August 12th, 2008