When Greed Turns To Fear

(MENAFN- Investor Ideas) S&P 500 didn't bat an eyelid on weaker housing data, and why should it? Premium given 5,912 resistance is seeing quite some (buying) interest - the range narrowing, and price action getting further away from the 5,872 - 5,885 support. Greed, or even extreme greed knocking on the door?

Sure, but high yields and decreasing rate cut odds are having powerful sectoral implications that I'm discussing in the client section. While we're in the pre-elections uncertainty that oftentimes features a deep dive following similarly sharp recovery once that uncertainty is removed, the bond market charts that I'm bringing you, show this thus far not really being the case. The nagging question featured though, remains - and I again answer it in the client section.

Valid questions to ask, is how overbought stocks are, on what time frames? Is greed or even borderline extreme greed a valid reason to look for the exit door, to get out? What can you apply from technical analysis - what to do when an oscillator such as RSI or Stochastics becomes overbought, does that mean trend reversal knocking on the door - or does the overall picture favor more juice to be squeezed from the lemon still?

That's what I'm detailing further, looking at market breadth, sectoral performance and overall sentiment by retail and institutional traders. It's not for nothing that I'm focusing on various predictive ratios and intermarket analysis. As for fundamentals, NFLX earnings have worked, and that's also what translates into swing and intraday successes rewarding clients in silver and gold as well - what a week and month.

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Let's mve right into the charts (all courtesy of ) - today's full scale article contains 5 more of them, with commentaries.

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Monica Kingsley
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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