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Danger for the Dow

The DJIA is more overbought than it has been 91% of the time since 1970. It has only been more overbought 7% of the time since 1970

The Dow's 3 month growth is greater than it has been 82% of the time since 1970. It has only had a better 3 month growth 18% of the time snce 1970.

The Dow is due for a breather at least and probably a pullback and chances are high that it will start soon.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: There may be an unknown Dow component within an international shares fund in which I have units.