Oversold conditions on daily charts for all US Capital Markets
Stocks remain cheap fundamentally with 72.0% of all stocks undervalued, but keep in mind that on October 4th 93.5% were undervalued. A factor is the low 30-Year bond yield at 2.90%. Nine sectors are undervalued with 11 overvalued. Autos-Tires-Trucks – 22.5% UV, Basic Materials – 21.6% UV. Oils-Energy – 13.1% UV.