Oversold

“The market has moved into oversold territory for the first time in months and the S&P 500 hasn’t been this far below its 50-day (2.7 standard deviations) since the week after the November 2012 elections. Three of ten sectors are more than three standard deviations below their 50-day moving averages, which means they’re literally “falling off the page” of our regularly updated trading range screen.” (BespokeInvestmentGroup)

S&P 500

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