Friday, December 2, 2011

S&P 500: "Back to Overbought" (SPY)

From Bespoke Investment Group:
Below is our trading range snapshot for the S&P 500 and its ten sectors.  The Neutral (N) line represents each sector's 50-day moving average, while the white shading represents between one standard deviation above and below the 50-day.  Moves into the red shaded areas are considered overbought, while moves into the green shaded areas are considered oversold.  For each sector, the black dot represents where it is currently trading, while the end of the tail represents where it was trading one week ago....MORE