Financials - Bullish Stretch (Oversold) This recent sell off was possibly due to the fact that the increase in interest rates were not announced by the FEDs.
Gold Miner - Bearish Stretch (Overbought) This is a great example of violating co-relation with Dollar, we still had some co-relation to the Market.
Like I said previously in a post - As Long as Oil is getting destroyed (destroying many dreams), The market will have huge swings, Safe havens cannot be Cyclicals and not at all in the Sensitive. Utilities will be the safest best for now.
The Strongest Utilities - PCG and CMS. Wait for pullbacks.
This is interesting. Individual names from the sectors. I am not expecting XLF to make new high. I am expecting it to visit the High Interest zone. XLF - AIG, AXP, BK, DFS, GS, JPM, MS, MET GDX - NEM, KGC same with GDX - no new lows expected (if it happens its a bonus)
Money is currently flowing in Utilities - Might not be far away.....
jangseohee
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flight for safety, last call :-)
UDAY_C_Santhakumar
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Remember, when market changes it norm suddenly, there is an unexpected event that happens. Reversion to the mean. Thats a good time to load.
jangseohee
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SPX reverse to mean soon?
A-shot
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Load on gold?
UDAY_C_Santhakumar
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I have posted two charts earlier on GOLD futures - Check that, Please....
UDAY_C_Santhakumar
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Who called the Top and Bottom? Ucs Momo Oscillator. Remember, Overbought and Oversold is Relative to one's perspective. Make the Math do the work.... Rather than you trying to guess or look for xyz teacher, who is robbing every follower.