Monthly Archives: June 2012

Equity Futures Higher on Euro Summit Agreement

The SPX will be significantly Overbought on a short-term basis when equity markets open this morning.  This does not necessarily mean that equities will come falling back down into their recent “comfort zone” of 1305 – 1335, however.  I’ve noted … Continue reading

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Equity Futures Lower; Treasuries Bid

Today’s Levels:  Overbought at 1333, Oversold at 1308.  Like I said yesterday, the current range (give or take a couple points) is a very comfortable zone for the SPX.  It will take some work in order to breakout either way. … Continue reading

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Leaning Bullish for the SPX in Low 1300s

Yesterday’s Low came in right at yesterday’s Oversold level of 1310.  Today’s quantitative levels are 1308 (Oversold) and 1335 (Overbought).  The SPX needs to begin to press the Overbought levels in order to achieve escape velocity.  This is very comfortable … Continue reading

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Opportunities are Present Even During Recessions

Of the last five GDP estimates* released by the Bureau of Economic Analysis, four of them have produced an annualized growth rate below 2.0%**; 0.4%, 1.3%, 1.8%, 3.0%, and 1.9% respectively.  Additionally, the Federal Reserve revised down their own ranged-estimate … Continue reading

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S&P Case-Shiller HPI -1.90% YOY; Futures Slightly Higher

Equity futures are +2; coming off some overnight gains.  Treasury yields are slightly higher.  Today’s quantitative range:  Overbought at 1367, Oversold at 1310.  There will be some volatility in the forthcoming equity rally as investors seek to realize gains in … Continue reading

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Opportunity Awaits on the Other Side of Sell-Off

The SPX opened up a large range over the last 7 trading days; from 1315 to 1365 and–with this morning’s futures indication–nearly back again.  Today’s Overbought level is 1370 and Oversold level is 1323.  The quantitative range is 47 handles … Continue reading

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An Eerily Quiet Friday Open

The SPX started yesterday out with a lot of potential for a large upside move only to fall back below Overbought levels.  Today’s range is still wide open with an Oversold level of 1266 and an Overbought level of 1317. … Continue reading

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Decision Time: Lay Off Risk or Wait for More

Yesterday the SPX violated the Overbought level with a vengeance; and will probably do so again today near the open.  Today’s Overbought / Oversold levels come in at 1318 / 1260.  We are a long way from the depths of … Continue reading

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Futures are Near Overbought Levels

Overbought:  1297 Oversold:  1260 Today’s Overbought level comes in 12 handles higher than yesterday’s close.  Futures were trading as high as 15 points above fair value, but came off slightly after the ECB decided to leave rates unchanged; it appears … Continue reading

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Time for an Oversold Bounce?

Overbought:  1300 Oversold:  1264 The SPX may have some breathing room here for the much-anticipated oversold bounce.  However, that bounce has been expected for the last 70 points or so and a +3% move only puts it back to 1316 … Continue reading

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