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The chart below highlights the level at which the S&P 500 has traded relative to its 50-day moving average (DMA) over the last year (measured in standard deviations). As shown in the chart, today’s close puts the S&P 500 into ’extreme overbought’ territory (2+ standard deviations above 50-DMA) and at its most overbought level since November 2009.
Looking at the S&P 500's performance following prior periods when it first closed in overbought territory shows that...
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This chart is nothing other than a yearly graph of SP500 close with arbitrary colorful shading. Let's see the same chart for SPX for at least 10 years, then we would see how totally worthless the colorful shading is. Here's another example of such a ridiculous chart (45 seconds into the video). Enjoy.
http://www.colbertnation.com/the-colbert-report-videos/267141/march-10-2010/survival-seed-bank
You devalue your site by having to link to an associate site that charges you to continue reading an article; or requires the reader to become a "Premium Member". In a market of literally thousands of financial news/commentary sites, have found Financial Sense to be superior and even have it as one of my home pages. I hope this article is not the beginning of a trend.
This chart indicates that market can stay overbought for a long time and despite being overbought can keep going further up.Interesting.
Overbought/oversold...as long as those criminals at the Fed and Golden Sacks can play games with their computers and printers what the hell difference does it make? Bye-bye amerika, we're all gonna die!
This chart makes it clear that if the market doesn't collapse in the very near future, then we can be reasonably certain that the market is simply rigged.After the May 6 "flash crash"the FED managed to sneak into the systema very sly weapon : the ELECTRONIC "circuit breakers", controlling the movements of INDIVIDUAL stocksby suspending their trading if they move up or down more than X % within Y minutes.But this electronic circuit-breaker apparatus is IDEAL for stock market manipulation( if operated at the margins of, or outside of the limits of its official objectives.And this would probably be very hard to detect or prove ).If it is indeed true that PRESIDENTIAL ELECTIONS have been rigged since at least 2000, probably even since before 2000( to get a particular Republican or Democrat candidate elected president ),if that once sacrosanct institution has been thus defiled for so many years already,then NOTHING can guarantee that Stock Markets continue to be "real" today.CLEARLY, DURING THE CURRENT PERIOD, THE FED WANTS STOCK MARKETS TO RISE,AND IS ACCOMPLISHING THIS OBJECTIVEBY METHODS (e.g. illicitly tweaked circuit-breakers)THAT RENDER SOUND FINANCIAL JUDGMENT & FORECASTUSELESS.
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