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Thursday, May 25, 2017 6:23:59 PM
Sector Snapshot Trading Range Screen
By Bespoke | May 25, 2017
Below is one of the many charts included in this week’s Sector Snapshot, which highlights our trading range screen for the S&P 500 and ten sectors. The black vertical “N” line represents each sector’s 50-day moving average, while moves into the red or green zones are considered “overbought” or “oversold.” As you can see, two defensive sectors — Utilities and Consumer Staples — are the most overbought areas of the market right now. Bulls would rather see cyclical sectors leading the way when the S&P 500 is making new all-time highs as it is now.
https://www.bespokepremium.com/short-interest-report/bespokes-sector-snapshot-52517/
• DiscoverGold
By Bespoke | May 25, 2017
Below is one of the many charts included in this week’s Sector Snapshot, which highlights our trading range screen for the S&P 500 and ten sectors. The black vertical “N” line represents each sector’s 50-day moving average, while moves into the red or green zones are considered “overbought” or “oversold.” As you can see, two defensive sectors — Utilities and Consumer Staples — are the most overbought areas of the market right now. Bulls would rather see cyclical sectors leading the way when the S&P 500 is making new all-time highs as it is now.
https://www.bespokepremium.com/short-interest-report/bespokes-sector-snapshot-52517/
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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