S&P 500 Most Overbought Since 1983

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)
The case that a new bull market has begun is growing stronger. From a technical standpoint, the S&P broke out to a 52-week high Monday and has continued higher Tuesday. Inflation continues to roll over with today’s May CPI coming…
Even if GM implements the planned operating actions that are substantially within its control, GM’s estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business. Looking into the first two quarters of 2009,…
While my focus is the intraday reversal in the QQQ and a potential market top, a secondary story Monday was earnings from pandemic darling Zoom (ZM). The report looked fine to me with revenue of $1.051 billion and EPS of…
It is late in game but Big Tech is showing incredible resilience and has not rolled over. Until it does, the indexes will continue to grind higher, masking the weakness beneath the surface in smaller and lesser known stocks that…
Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…