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: 2012 » 05/2012 » 05/04/2012
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Four Sectors Oversold, Telecom and Utilities Overbought

May 4th, 2012
in
Below is a table showing the trading ranges for the S&P 500 and its ten sectors.  For each sector, the black dot shows where it's currently trading, while the end of the tail shows where it was a week ago at this time. As shown, after trading in overbought territory one week ago, the S&P 500 is now only slightly above oversold territory.  The last time it touched oversold levels a couple weeks ago, the index bounced nicely.  Will the same happen again this time?

More Graphs: Construction Employment, Duration of Unemployment, Unemployment by Education and Diffusion Indexes

May 4th, 2012
in
The first graph below shows the number of total construction payroll jobs in the U.S. including both residential and non-residential since 1969. Construction employment decreased by 2 thousand jobs in April, but previous months were revised up slightly. Last year was the first year with an increase in construction employment since 2006, and the first with an increase in residential construction employment since 2005.

"New Technology May Spell the End for NYC’s Bottom-Rung Lawyers"

May 4th, 2012
in
"[N]ew technology is threatening to put New York's growing subclass of mercenary drudge work lawyers out to pasture. The Southern District of New York recently became the nation's first federal court to explicitly approve the use of predictive coding, a computer-assisted document review that turns much of the legal grunt work currently done by underemployed attorneys over to the machines."

Another Housing Bear leaves the Woods

May 4th, 2012
in
The list of former housing bears arguing that house prices are now at or near the bottom is growing. Even Professor Robert Shiller - without making a prediction and suggesting prices could "overshoot" - said this week on CNBC that "[house prices] are back to normal levels".

Higher or Lower From Here?

May 4th, 2012
in
After starting out the week on a strong note with a better than expected ISM Manufacturing report, the US stock market crumbled on Thursday and Friday.  At the moment, all three major US indices (S&P 500, Dow, Nasdaq) are below their 50-day moving averages, and the S&P 500 and Nasdaq are now trading at oversold levels.  So where do we go from here?  Will we see a bounce or a continued decline?  Please take part in our poll below and we'll report back with the results on Monday.  Have a great weekend!

News…

May 4th, 2012
in
GAVI’s Berkley resolved to vaccinate all kids against preventable diseases

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