Marketgrind Financial Blog

Although we’re not overbought yet, we’re definitely not oversold.  I don’t think you can buy here but I don’t see too much danger in holding.  When you start to see the oscillator flatten out and roll over you probably want to start selling.  If you have a large long only portfolio then you might want to consider putting on some hedges up here around S&P 950.

Tags: S&P 500 oscillator

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This entry was posted on Tuesday, July 21st, 2009 at 11:49 am and is filed under S&P Oscillator Update. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.