Weekly Technical Analysis – “SP500 Final Overshoot”

The Swiss team’s latest update below.

Some very narrow specific indexes and stocks in particular are still on fire to the upside. Apple, Facebook and others remain very desired stocks but the selectivity continues.

Here sp500

And here the sp600 small caps..

The put call ratio remains at close to record lows.

Here the swiss team’s usual.

wklytech-23-7-14

And here AG

ag-21-7-14

The UST is at 2.5%. Someone is wrong here between the FI chasers and the equity chasers. Soon we will discover, judging from the technical picture.

Much more to follow

All the best

Rich