Is the market overbought?

This chart shows two graphs -- the S&P 500 and the percent of stocks above their 50 day moving average (click on the chart to enlarge it).

This percentage has reached 90% twice in this rally, a level not seen in the past 3 years. Yes, the market is having a remarkable move. Should we say -- historic?

Is the market overbought? I let you decide.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977
Ranked in the Top 10 for 12, 6, and 3 months for market timing by Timer Digest

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