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S&P 500 Approaching New Highs

TedTed
in Fund Discussions
FYI: After another rally today, the S&P 500 is now just 5 points below its prior all-time highs reached at the end of December. As shown below, the index and six of ten sectors are now in overbought territory, with Consumer Discretionary leading the way higher. The one sector that has not participated in the fun recently is Utilities. In fact, the sector is now trading in oversold territory as the rest of the market rallies.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/2/12/sp-500-approaching-new-highs.html?printerFriendly=true

Comments

  • CharlesCharles
    Just look the other way...ignore it.
  • JohnChisum
    I just read that utilities were on a elevator going up?

    Tech is to blame for the SP.

  • heezsafe
    edited February 2015
    Awesome! Are we hitting escape velocity yet, on the stairway to Heaven?

    OOOOOOH, you're too good to be true
    Can't take my eyes off of you
    You'd be like Heaven to touch
    I want to hold you so much
    And every day I survive
    I just thank God you're alive
    You're just too good to be true
    Can't take my eyes off of you.
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