Parallels with 2007 - in relation to the US stockmarket

Angela Mangan

QMG Pty Ltd

Parallels with 2007 - in relation to the US stockmarket. Last week QMG provided a technical analysis based warning to clients relating to the unsustainability of the US rally, specifically highlighting the parallels between the broad rally that commenced in early 2009, to the rally that occurred between late 2002 and late 2007. The S&P500 index has recently been positioned at the upper end of a well-established trend channel. It was similarly positioned in late 2007. The S&P500 index had also been recently located in the same extreme overbought territory on a RSI/ momentum basis that occurred in 2007.


2 topics

Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.