Tag Archives: Morning Brief

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

Posted in Portfolio Strategy | Tagged , | Leave a comment

The SPX Will Continue to Move into Overbought Territory

A quick recap to yesterday:  the SPX gapped down right to my Oversold level of 1398; ultimately giving way to down to 1394.  At that point, the SPX immediately reversed course back to 1398; holding that level for a bit … Continue reading

Posted in Investment, Portfolio Strategy | Tagged , | Leave a comment

Wait For The Opportunity

The S&P 500 closed out the session on Friday right in the middle of the range I’ve indicated on the chart below (quantitative, not technical); giving up the most of it’s gains.  With about an 11 handle range from 1372 … Continue reading

Posted in Investment, Portfolio Strategy | Tagged , , , , | 1 Comment