The following three indicators have provided levels where the markets have bounced after going through corrections:
1. The first is the number of S&P 500 stocks above their 50-day MA ($SPXA50). Levels of 100 or lower are usually associated with market lows. As of Friday, March 2, it stood at 170.
2. The 10-day MA of the CBOE Options Equity put/call derivative indicator ($CPCE) has been good at identifying bottoms at levels between .72 to .75. As of Friday, March 2, it stood at .73.
3. The 60-day MA of the CBOE Options Total Put/Call derivative indicator ($CPC) will "flash" a bottom above 1.05. As of Friday, March, it stood at .94.
Will these indictors "flash" a buy this time? Time will tell!
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