Tech Sector Overbought For 46 Trading Days And Counting

Summary

• The Tech sector has now rallied 45% since its low point in early April, leaving it at all-time highs.
• This is the 11th time since 1990 that the tech sector has closed in overbought territory for at least 40 straight trading days.
• The longest the tech sector has remained in overbought territory is the 68-trading-day streak that ended in February 1999.

Douglas Rissing/iStock via Getty Images

Below is a look at a one-year price chart of the S&P 500 Technology sector. The white line represents the sector's 50-day moving average, while the light blue shading represents its "normal" trading range, which is a band that's