Bespoke's Sector Snapshot

Below we highlight the trading areas of the ten S&P 500 sectors.  The blue shading represents one standard deviation above and below the sector's 50-day moving average.  Prices are considered neutral when trading within these boundaries.  The red area represents one and two standard deviations above the sector's 50-day, and outside the red area is 2+ standard deviations above.  When the price moves into red territory, it is considered overbought, and anywhere above the red area marks an extreme reading.  A move above the red area is usually followed by a short-term pullback or sideways trading pattern.  The green area is between one and two standard deviations below the sector's 50-day, and outside the green area is 2+ standard deviations below.  A move into green territory is considered oversold and extremes are seen once the price moves below the green area.  As shown by the charts below, many sectors remain at or below extreme oversold levels.

   

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