From Investorplace.com
Indicators Flashing Warnings All Investors Should Heed
Price action and sentiment are positive, but MACD, momentum and RSI are overbought
By Sam Collins, InvestorPlace Chief Technical Analyst | Sep 20, 2013, 2:20 am EDT
Stocks paused Thursday following the Fed’s surprising announcement on Wednesday that they would continue to purchase bonds at the current rate for the time being. Following a modestly higher opening, stocks traded sideways and then sagged slightly for the remainder of the session.
The decision not to start cutting back on stimulus came as a surprise to The Street, and high-dividend stocks jumped. Some of those gains were relinquished on Thursday, especially those in the defensive groups like utilities and consumer staples. Seven of the 10 S&P 500 sectors closed lower.
Read more from Investorplace.com >>
No comments:
Post a Comment