Back To Oversold

Hickey and Walters (Bespoke) submit: Below we provide our trading range charts for the S&P 500 and its ten sectors. For each chart, the light blue area represents between 1 standard deviation above and below the 50-day moving average (white line). The red and green zones represent between 1 and 2 standard deviations above or below the 50-day moving average.

Hickey and Walters (Bespoke) submit: The chart below shows the daily percentage of stocks in the S&P 500 that are overbought (red line) and oversold (green line). For a stock to be overbought it must be more than one standard deviation above its 50-day moving average, and vice versa for oversold.

Hickey and Walters (Bespoke) submit: Below we highlight our trading range chart for ten major commodities. In each chart, the green shading represents between two standard deviations above and below the commodity's 50-day moving average. Moves to the top or bottom of this range are considered overbought or oversold.

Hickey and Walters (Bespoke) submit: Below we highlight our trading range charts for ten major commodities. For each chart, the green shading represents between two standard deviations above and below the 50-day moving average. Moves above or below the green zone are considered overbought or oversold.

Hickey and Walters (Bespoke) submit: Following today's sell-off in the equity market, there are now 226 stocks in the S&P 500 that are currently in oversold territory (more than one standard deviation below 50-day moving average). On a percentage basis, this works out to 45.2% of the stocks in the index.

Hickey and Walters (Bespoke) submit: From our list of more than 200 key ETFs that we track in our daily ETF Trends report, below we highlight the 30 that are currently the most oversold in our custom trading range screen.

Hickey and Walters (Bespoke) submit: As shown below, today's declines have put the S&P 500 back into oversold territory. The index is back down more than 5% year-to-date, down 6.66% since August 9th, and up just 2.9% off the July 2nd lows.click to enlarge

Hickey and Walters (Bespoke) submit: Below we highlight our trading range charts for ten major commodities. The green zone represents between 2 standard deviations above and below the commodity's 50-day moving average, and moves above or below the green zone are considered overbought or oversold.