FYI: Below is a look at the negative action we've seen lately for equities, long-dated interest rates, and oil. As shown, the S&P 500 just dipped into oversold territory (green zone) today after a decline of 4% since December 29th. It's the first time since October that the index has been oversold. Even still, the market's uptrend pattern remains intact. For the longevity of this bull market, the October low is the key level to watch. It's still quite a ways away, but if that level breaks, it's going to be a very bearish signal.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/1/6/sp-500-treasury-yields-oil-trading-range-patterns.html?printerFriendly=true
