Here’s a simple way to see how overbought the market is: this is a chart of the percentage of stocks above their 15-day moving average. It doesn’t take a genius to see how this tends to resolve.
To An Extreme
Here’s a simple way to see how overbought the market is: this is a chart of the percentage of stocks above their 15-day moving average. It doesn’t take a genius to see how this tends to resolve.
