It seems that the ratio of stocks in S&P 500 trading over
MA200 is getting a bit overbought. The ratio is just 69% yet
so it can easily move higher. But occurrences when the SPXA200R
closes over the upper Bollingerband has the last year ended with at
least small set backs. Similar logic as with VIX, I presume.
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Another warning sign - % stocks in S&P 500 over MA200
Posted by lebow on 23rd of Jan 2012 at 02:22 pm
It seems that the ratio of stocks in S&P 500 trading over MA200 is getting a bit overbought. The ratio is just 69% yet so it can easily move higher. But occurrences when the SPXA200R closes over the upper Bollingerband has the last year ended with at least small set backs. Similar logic as with VIX, I presume.