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Bulls Zen Bears
Investment professional, D. Harder, is the primary contributor to this trading newsletter.

S&P 500

May 8, 2007 at 3:50 pm • Posted in bullszenbears

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When the SP 500 and other market oscillators (including the US Financial Services Index oscillator) turn up from an oversold level it almost always signals the beginning of a new up trend. Usually the VIX oscillator peaks and turns down at the same time confirming a change in trend. This occurred in March 2003 near the start of the Iraq War and SARS virus marking the end of the long bear market, in May 2004, in May 2005 after the Spain train bombing correction, again in October 2005 after Hurricane Katrina, at the end of June 2006 (after which the US markets had one of the longest rises without a 2% or greater correction) and again on Apr. 2, 2007.

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