Stocks above their 200-day moving average
This chart should give you an idea of just how overbought things are right now. Keep in mind that things can stay overbought for a while. It does however demonstrate that more stocks are above their 200-day moving average, currently 91.2%, than at the peak in 2007. For you contrarian investors an extreme level like this usually means we are close to a trend change, sideways or down, to allow the market to re-balance. The red line is the S&P.
Filed Under: Market Overview








