Brazil and Spain have both come off their upper trading range bands. Other indices still look overbought

Continuing the ongoing trend, all US sectors but Telecom look to be overbought and the conditions merit caution.

Global risk assets continue to look overbought, as we mentioned in our previous post. The current environment continues to merit caution for long biased traders.

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…

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…

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…

Sectors and global markets continue to exhibit extreme overbought momentum. Utilities are the notable exception to this trend. US SECTOR OVERVIEW GLOBAL OVERVIEW

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…

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…

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…