06-09-2014, 11:49 PM
One look at our trading range screen of the 30 largest country ETFs tells you that world markets have gotten extended recently. As shown below, 22 of the 30 countries highlighted are now overbought (more than one standard deviation above their 50-days), and more than a handful are at extreme levels (more than two standard deviations above their 50-days). Some of the most overbought countries include China (FXI), France (EWQ), India (PIN), Japan (EWJ), Spain (EWP), and the US (SPY). Of the ETFs listed, India (PIN) is up the most so far this year with a gain of 24.17%.
Bespoke Investment Group - Think BIG - The World is Overbought
Low stock trading volume and volatility are messing with investors’ heads, fogging their view of the stock market. One analyst thinks these doldrums could turn out to be the new norm.
VIX at 2007 low is like sensory deprivation for stocks - Market Snapshot - MarketWatch
For the past five years, those who take a cautious stance on investing have paid close attention to a measure variously known as the “Cylically-Adjusted Price-to-Earnings Ratio” (or CAPE) or the “Shiller PE,” after Yale finance professor Robert Shiller. Using data going back to 1880, this measure has argued that U.S. stocks are becoming dangerously expensive by historic standards. But the strategy team at investment bank SG Securities is arguing that this conclusion may not be correct.
Why stock market bears may be making a big mistake - Brett Arends's ROI - MarketWatch
The Japanese government on Monday raised its economic growth reading for the first quarter, saying that capital spending was sharply higher than initially thought. Gross domestic product increased at an annualized rate of 6.7% in the January to March period from the previous quarter, the Cabinet Office said, revising its initial estimate of a 5.9% expansion. The result, adjusted for price changes, marked the sixth straight quarterly expansion.
Japan GDP revised higher on capital-spending surge - MarketWatch
We’re at one of those rare moments in market history when even the pundits are running out of things to say. The S&P500 (^GSPC) is at all-time highs. Momentum names are on-fire. The economic data is fine and all is right in the world.
Pundits baffled as market soars past target highs | Breakout - Yahoo Finance
According to Ari Wald, head of technical analysis at Oppenheimer & Co., there may be some near- and intermediate-term downside, though he doesn't recommend trying to time corrections. Instead, he sees five reasons to have a bullish long-term view on the S&P 500
We are about to enter the greatest bull market in 85 years | Talking Numbers - Yahoo Finance