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Below is a look at the percentage of overbought versus oversold stocks in the S&P 500 over the last year. As shown, 63{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of stocks in the index enter today in oversold territory, which is the highest reading we’ve seen in a year. Just 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of S&P 500 stocks are … Read entire story.
Source: Think BIG
BALTIMORE (AP) — The owner of the massive container ship Dali, which caused the deadly collapse of Baltimore’s Francis Scott Key Bridge last month, has initiated a process requiring owners of the cargo on board to cover some of the salvage costs. The ship’s owner, Singapore-based Grace Ocean Private Ltd., made what’s known in maritime […]
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Gold prices are attempting to edge higher having held support near the $1200/oz figure while the SPX 500 remains locked in consolidation after rising to a record high.