Stocks for the Rest of Us
Posts tagged S&P 500 oscillator
S&P 500 Oscillator Update
Jul 21st
S&P 500 Oscillator
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.
S&P 500 Oscillator Update
Oct 8th
The market is so ridiculously oversold that it doesn’t even really matter anymore. I don’t think the chart has ever looked like this. If you’ve got a longer term time line (5+ years) now is the time to start inching into the market. I’ve personally been buying stocks for my IRA as the market has come down significantly in the past few days. If you’re trading in a taxable account then make sure you’re only using money that you won’t need for at LEAST 5 years. My gut feeling is that we’re setting up for a fairly decent thousand point rally on the DOW but it’s going to be fast and furious so unless you’re a day trader I would continue to sit on the sidelines until the charts start building a better base.
S P 500 oscillator
Free S&P 500 Oscillator Update
Aug 28th
As you know I like to follow the free stockcharts.com S&P 500 Oscillator to gauge overbought or oversold conditions. As you can see we’re still stuck in this consolidation pattern after the huge run we had in July. Although the action may not feel good this is actually fairly healthy. We had a huge move off the lows and a little consolidation of those gains is good. The key is that the selling be contained which so far has been the case. The markets are showing strength today and I still think we’ve got some upside left to the low 1300s or so before I’d start taking profits.
S&P 500 Oscillator
S&P 500 Oscillator still bullish
Aug 19th
The action feels horrible but the S&P 500 oscillator I follow is still bullish. As you can see on the weekly we’ve had a huge move off the lows and I think we may just be consolidating a little bit before another small leg up to around 80 or so before we really have to worry about being overbought. MACD is still bullish and the recent sell off has alleviated the short term overbought condition. I would continue to remain long with fairly tight stops. we’ve got some light trading going on out there so the action is going to be very volatile.
S&P 500 oscillator
S&P 500 oscillator update
Aug 13th
The S&P 500 oscillator that I use is showing some slight signs of an overbought condition but it’s nothing that a few days of chopping around wouldn’t solve. Other then that it still looks pretty good and we’re only at about 60 on the oscillator.
S&P 500 oscillator