Stocks With Squeeze Setups
Over the weekend, I ran a scan for stocks in the S&P 500 index that had overbought or oversold weekly stochastics readings. There were 310 stocks in the S&P 500 index with weekly stochastics readings above 80, or in an overbought condition, and only five stocks in the index with readings below 20, or in oversold territory.
While I found it an interesting divergence, it is no secret the market is extended and vulnerable to a selloff. The tension between the technical oscillators and equity prices will reach a climax at some point, and traders who are prepared will profit....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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