What a Difference a Week Makes
Early last week, the S&P 500 and most sectors were sharply oversold. The only sectors that were showing even hints of strength were Energy and Utilities, and they were the only two sectors that weren't oversold based on the standard deviations that they were trading below their 50-day moving averages.
Following yesterday's 2.5% rally, however, while most sectors are still oversold, the two sectors that are more oversold than any others are Energy and Utilities. What a difference a week makes.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Bespoke Investment Group
About the author:- Bios & more articles
- Bespoke's blog: Think B.I.G.
- Market Research: Bespoke Premium
- Bespoke Money Management
- Bespoke Institutional
- Contact Bespoke
Loading...
Symbols:
ETFs In Focus
sponsored by:
-
Editor's Picks
-
Most Popular
- Housing Prices: Bottom or Temporary Bear Break?
- ETF Insights: The New Hard Assets Producers ETF
- Why Airline Stocks Are So Often Bad Investments
- The Chinese Oil Problem
- Wildfires, Financial Crises, and Type Conversions in Markets
- The Most Important Fact To Know About Oil Investing
- Full list of Editor's Picks »
- Three Reasons the Solar Sell-off May Be in the Early Innings »
- Five Reasons Steve Ballmer Thinks Apple's a Buy »
- What's in Store for the Fertilizer Industry? »
- Why Commodities May Be Nearing a Turning Point »
- Apple to Reveal Mysterious Product Transition on September 9th »
- Wall Street Breakfast: Must-Know News »
- Wall Street Breakfast: Must-Know News »
- Precious Metals Manipulation: Lawyers Prepare for Battle »
- Oil: The Inconvenient Truth »
- Sarah Palin: Wall Street's Candidate »
- 2 Top Energy Sector Bets »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Altria's Last Legal Hurdle Should Be Settled This Fall
- How Wal-Mart Really Beats Expectations
- Corning: Looking Very Cheap
- Leucadia's Key to Success
- China Natural Gas: Growth Appears Certain
- Can TRW Automotive Escape the Michigan Mess?
- Things Aren't Good - Fast Money Recap (9/4/08)
- ETFs That Help You Sleep Better at Night
- ETF Update: Alternative Energy and the Power Grid
- ETF Update: Healthcare Has a Heartbeat; A Good Time for Muni-Bond ETFs?
- Full list of Long Ideas »
- Short Interest Rising in Tesoro; Shorts Covering Airline Positions
- Harbinger Capital: Cut Short
- Not Much Meat on Pilgrim's Pride's Bones
- Salesforce.com: Demystifying the Force
- Should We Listen to Boone Pickens on Oil?
- Energy Conversion Devices: Ridiculously High Valuation
- Three Reasons the Solar Sell-off May Be in the Early Innings
- Is the Market Rolling Over?
- Solar and Oil, Part Deux
- Financial vs. International ETFs: Which Bear is Grizzlier?
- Full list of Short Ideas »
- Pimco's Bill Gross: Jim Cramer Is 'Courageous' and 'Entertaining'
- Cramer Sees the Light - Cramer's Mad Money (9/4/08)
- Keep Buying Big Brown - Cramer's Lightning Round (9/4/08)
- Don't Buy These Bonds - Cramer's Stop Trading! (9/4/08)
- Loss of Integrity - Cramer's Mad Money Recap (9/3/08)
- Not Off the RIMM - Cramer's Lightning Round (9/3/08)
- Unbelievable Moves - Cramer's Stop Trading! (9/3/08)
- The Rally was the Real Deal - Cramer's Mad Money (9/2/08)
- Crushed Unnecessarily - Cramer's Lightning Round (9/2/08)
- A Chance to Sell - Cramer's Stop Trading! (9/2/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
This article has 3 comments:
Pseudonym
Bear markets don't go to zero in a straight line.
There will be big rallys' as we trend down.
The negative fundamentals are still there and when needed they will be the "news of the day" that explains why the market dropped.
The financial/economic mess won't really stabilize until roughly 2010. So between now and then be nimble and go with flow.
Lowenthal