The current Market Meter Average of 3.67 is less than the 4.11 of last month. If the average had declined below 3.50, then the Overall Market Meter rating would have changed from Slightly Bullish to Neutral. But at 3.67, the rating remains at Slightly Bullish for the upcoming month.
As shown in the right sidebar, the covered calls investing strategy corresponding to this Slightly Bullish sentiment is to "on-average sell 2% out-of-the-money covered calls for the nearest expiration month." So with the current June2010 options expiration, new positions for July2010 expiration will be established in accordance with this guideline.
For a more detailed explanation of each of the Covered Calls Advisor's nine indicators, please refer to this prior blog post on that topic -- link.
Your comments or questions regarding this post are welcomed. Please click on the "comments" link below or email me at the address shown in the upper-right sidebar.
Regards and Godspeed,
Jeff
