"Of the 449 companies in the S&P 500 that have reported third-quarter results, 74.6 percent have posted earnings above estimates, while 59.3 percent beat revenue expectations."
"With the overbought conditions in place it is difficult to see a straight up move from here without a little more time."
http://www.stocktradingtogo.com/2014/11/11/sttg-market-recap-november-11-2014/>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
In my research, I am finding that the three best performing sectors of the S&P 500 Index for the past five days have been the energy, the materials and the utility sectors. I have linked the reference site below that details this information, click on the five day period to view.
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerIn addition, I am finding that currently the two most oversold sectors are that of the materials and the energy sectors. One can reference this information through the link below. Click on the sector tab.
http://www.morningstar.com/market-valuation/market-fair-value-graph.aspxAnd, yes ... Old_Skeet is currently overweight all three.
