Percentage of Stocks Above 50-Day Moving Averages (5/15/08) [View article]
Very interesting. The maket is certainly overbought across a range of sectors and when one examines the graphs above in tandem with the recent lows in the VIX, complacency in the market seems endemic. Wait for the fall.
Percentage of Stocks Above 50-Day Moving Averages (5/15/08) [View article]