Wednesday
Oct132010
77.6% of S&P 500 Stocks Overbought
Wednesday, October 13, 2010 at 05:17PM Following today’s rally, 77.6% of the stocks in the S&P 500 are trading more than one standard deviation above their 50-day moving averages. Since the S&P 500 reached its all-time peak back in 2007, there have only been three other periods where more than 75% of the S&P 500 was trading at overbought levels. Looking at the performance of the S&P 500 following these periods...
Continue reading... (must be a Premium member to view)
Reader Comments (1)
It was 87% on Oct 8th...............go figure