Pages

Wednesday, November 16, 2011

Stuck in Neutral

It seems like markets have been on quite a roller coaster ride over the last few months, and as mentioned in a previous post, the average daily move of the S&P 500 over the last 90 days is the 4th highest it's been in 50 years.  However, net-net, we really haven't gone much of anywhere in November.  To illustrate the point are four relative strength charts for four different assets that don't show any sign of extreme--hovering right around the 50 mark.  Which way we'll break is anyone's guess.

Click to Enlarge



No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.