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Still In Extreme Oversold Territory

TedTed
edited August 2015 in Fund Discussions
FYI: Have a look at our trading range screen for the S&P 500 and its ten sectors below. This is where things stand after this morning’s rally! The far left of the screen at the end of the dark green shading represents three standard deviations below the 50-day moving average. The S&P as a whole and six of ten sectors are still at or more than three standard deviations below their 50-days.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/losers-bouncing-the-most/

Comments

  • David_Snowball
    That, of course, assumes that a stock's 50-DMA represents something like a rational price given current conditions. If "way below their recent price" is a marker of value, then we really need to rebalance toward China.

    David
  • PRESSmUPPRESSmUP
    The graphics teams at these firms are certainly keeping busy. That chart is woefully outdated.
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