The S&P 500 has been in overbought territory for the past month, and it's now close to two...

|By:, SA News Editor

The S&P 500 has been in overbought territory for the past month, and it's now close to two standard deviations above its 50-day MA, Bespoke calculates. Eight of the 10 S&P sectors are overbought, with tech clearly the most extended. Two sectors aren't yet overbought: utilities, telecom.