An article by John F. Carlucci on dshort.com mentioned a market indicator using OEX stocks above the 200 day moving average, $OEXA200R, with the other indicators as buy/sell signals for the general US market. The introduction of the methodology is here.
You can find the daily update of the $OEXA200R by Michael E. Pitre.
I created and monitored the OEX portfolio at finance.yahoo.com. For S&P500 at current level 1380, if it drops another 3.5+%, bulls should be cautious according to the methodology mentioned before.
No comments :
Post a Comment