Banks - S&P 500 financial stocks at "never before seen" overbought levels

Thursday, February 09, 2012




1.	NYT reveals Obama administration is allowing the big banks to repeatedly break the law

2.	Forget mortgages... This could be the next HUGE bank scandal

3.	We could be dangerously close to a global bank run




1.	Richard Russell: This could be 2012's "market moving" event

2.	New report reveals Federal Reserve president owns millions in gold and platinum

3.	Porter Stansberry: These facts show the "End of America" is coming

4.	Military insider: The Pentagon is lying about Afghanistan

5.	This morning's "fantastic" jobs report is hiding some shocking news

S&P 500 financial stocks at "never before seen" overbought levels

Friday, April 17, 2009
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From Bespoke Investment Group:

The S&P 500 Financial sector is now 28.5% above its 50-day moving average. Below we highlight the historical 50-day moving average % spread for the sector going back to 1990 (as far back as daily sector pricing goes). As shown, just as the sector hit extremes on the oversold side in recent months, we've now hit extremes never seen before on the overbought side.

See the chart...

Jeff Clark: Trade on the short side right now

My dinner with Richard Russell: No market bottom yet

Topics:		Banks \| Short Selling \| Stocks

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