FYI: The market exploded higher following yesterday’s FOMC announcement at 2 PM ET. Below is a snapshot of where the S&P 500 and each of its ten sectors currently stand within their trading ranges entering today’s market open. As shown, all ten sectors have moved out of oversold territory, and seven of ten are back above their 50-day moving averages. Health Care, Financials and Consumer Discretionary are the three overbought sectors, with Health Care at the most extreme levels.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/post-fed-cool-down/
