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XLY still overbought

|Includes: Consumer Discretionary Select Sector SPDR ETF (XLY)

Most people think when something is overbought it is a bad thing. Well I say sometimes it is a great thing. The only way for something to get overbought is if it is being bought. When something is in an uptrend and RSI, for example, gets "too high" I take it as a sign of strength. The XLY chart is a great example of this.