Tactical indicators for the S&P 500 are at or near oversold levels - BofA

seekingalpha07-26

The tactical price momentum of the S&P 500 (SP500) is showing oversold signs. Using the Williams Percent Range momentum indicator, BofA analysts said that along 28 days, the S&P 500 (SP500) reached an...

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Using the Williams Percent Range momentum indicator, BofA analysts said that along 28 days, the S&P 500 (SP500) reached an...</p>\n\n<a href=\"https://seekingalpha.com/news/4129034-tactical-indicators-for-the-sp-500-are-at-or-near-oversold-levels-bofa\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tactical indicators for the S&P 500 are at or near oversold levels - BofA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTactical indicators for the S&P 500 are at or near oversold levels - BofA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 23:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4129034-tactical-indicators-for-the-sp-500-are-at-or-near-oversold-levels-bofa><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The tactical price momentum of the S&P 500 (SP500) is showing oversold signs. Using the Williams Percent Range momentum indicator, BofA analysts said that along 28 days, the S&P 500 (SP500) reached an...</p>\n\n<a href=\"https://seekingalpha.com/news/4129034-tactical-indicators-for-the-sp-500-are-at-or-near-oversold-levels-bofa\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSO","symbol_name":"两倍做多标普500ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4129034-tactical-indicators-for-the-sp-500-are-at-or-near-oversold-levels-bofa","article_id":"2454321454","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1396191562/image_1396191562.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454321454","pubTimestamp":1722006587,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The tactical price momentum of the S&P 500  is showing oversold signs. Using the Williams Percent Range momentum indicator, BofA analysts said that along 28 days, the S&P 500  reached an oversold level below -80, as of July 24. “We would prefer a bullish short-lived spike into oversold rather than a bearish persistent oversold,” wrote BofA analyst Stephen Suttmeier in a note. “The former would increase the potential for a rally, while the latter would suggest a continued grind lower within a corrective phase.” In addition, the three-month VIX relative to the VIX -- which measures the implied volatility of the S&P 500  options with 93 days to expiration -- moved to its lowest level since the middle of April, reflecting heightened tactical sentiment.  Analysts said that while the April reading had an “oversold tactical panic threshold” of 1.0, and preceded a 14% rally into mid-July, “we would not rule out a panic dip in the three-month VIX vs. VIX below 1.0 to set up a better tradeable l","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSO":"两倍做多标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","VXX":"短期VIX期货ETN","BK4550":"红杉资本持仓","VOO":"Vanguard标普500ETF","BK4588":"碎股","SVXY":"0.5倍做空波动率指数短期期货ETF","IVV":"标普500指数ETF","TVIX":"二倍做多VIX波动率指数短期期权ETN","SDS":"两倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","VIXY":"波动率短期期货指数ETF","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","SPY":"标普500ETF","UVXY":"1.5倍做多恐慌指数短期期货ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓"},"translate_title":"标普500的战术指标处于或接近超卖水平——美国银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOO":1,"SPY":1,".SPX":1,"VXX":0.9,"TVIX":0.9,"OEX":0.6,"VIXY":0.6,"UVXY":0.6,"UPRO":0.6,"SVXY":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEF":0.6,"IVV":0.6,"VIXmain":0.6,"ESmain":0.6},"content_text":"The tactical price momentum of the S&P 500 (SP500) is showing oversold signs. Using the Williams Percent Range momentum indicator, BofA analysts said that along 28 days, the S&P 500 (SP500) reached an oversold level below -80, as of July 24. “We would prefer a bullish short-lived spike into oversold rather than a bearish persistent oversold,” wrote BofA analyst Stephen Suttmeier in a note. “The former would increase the potential for a rally, while the latter would suggest a continued grind lower within a corrective phase.” In addition, the three-month VIX relative to the VIX -- which measures the implied volatility of the S&P 500 (SP500) options with 93 days to expiration -- moved to its lowest level since the middle of April, reflecting heightened tactical sentiment.  Analysts said that while the April reading had an “oversold tactical panic threshold” of 1.0, and preceded a 14% rally into mid-July, “we would not rule out a panic dip in the three-month VIX vs. VIX below 1.0 to set up a better tradeable low for the U.S. equity market.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454321454"}