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Sectors Oversold

TedTed
in Fund Discussions
FYI: Yesterday's steep decline left four of ten S&P 500 sectors in oversold territory, and three more are set to open oversold based on red futures this morning. Consumer Staples and Industrials are both more than 3 standard deviations below their 50-days, which is as extreme as it gets. When sectors get that oversold, you typically see a near-term bounce.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/8/1/sectors-oversold.html?printerFriendly=true

Comments

  • CharlesCharles
    Let's hope!
  • AndyJ
    edited August 2014
    Staples (VDC etc.) are bouncing today, up ~ 1%, while industrials (VIS, etc.) are flat. The more defensive of the two is where the $ is going. Big surprise? Nope - looks like the active $ may be semi-hedging against more weakness ahead.
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