US Sector & Global Overview – 1/14

As we pointed out last week, global risk assets generally look overbought and are due a short term correction. It is impossible to pick bottoms and tops, but from the point of view of tactical trading, the current environment merits caution for long biased traders....

US Sector & Global Overview – 11/09

Most US sectors look oversold based on their individual trading ranges. We have suggested investors to go long utilities before based on a simple trading rule following bollinger bands. Utilities are currently trading well below its lower band and looks to be a good...

US Sector & Global Overview – 9/24

Only very few US equity sectors and global stock market indices currently appear attractive based on technicals. Still, there is an interesting opportunity for a contrarian play within US defensives with healthcare and telecoms looking very rich while utilities look...

US Sector & Global Overview – 9/7

Many sectors and global equity markets now look very overbought after last week’s strong rally on the back of the ECB meeting and the poor US jobs market report seen as raising the likelihood of QE3 in the US. In the very short run, the technical picture favours...

US Sector & Global Overview – 9/3

Most US equity sectors and global stock markets are now either now rolling over and falling out of their trading ranges. The number of stocks above their 50d moving averages is falling from above in most sectors and global markets with US utilities looking very...

US Sector & Global Overview – 8/29

US SECTOR OVERVIEW All US sectors save Utilities are trading close to the upper end of their range but are very close to a breakout to the downside which suggests general market weakness ahead in the short run. Utilities offer a contrarian short term buy based on this...