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Nearly 80% of the individual stocks in the S&P 500 are overbought, according to Bespoke....

Nearly 80% of the individual stocks in the S&P 500 are overbought, according to Bespoke. Looking at a 5-year chart, the group notes this indicator is as mean-reverting as it gets. High levels of overbought stocks tend to move to low levels rather quickly.
Comments (4)
  • True or False?

     

    "Markets can remain irrational longer than you can remain solvent."
    23 Jan 2013, 07:42 AM Reply Like
  • There are still too many people writing and talking about why the markets may go down soon and sharply for it to actually happen.
    26 Jan 2013, 12:49 AM Reply Like
  • If people stop talking about markets going down , then it's time to go short.
    28 Jan 2013, 05:44 AM Reply Like
  • Absolutely!
    4 Feb 2013, 06:39 AM Reply Like
DJIA (DIA) S&P 500 (SPY)