NFTRH; Stocks & Gold Sector

The stock market is very overbought in general. There are certain sectors (Biotech, Telecom, etc.) that have gone in the opposite direction and certain indexes/segments (Small Caps, for example) that have been consolidating downward. But the headline indexes are flat out overbought when viewing their distance from the 50 day moving average (blue). SOX is further from the SMA 50 than it was in May, … Continue reading NFTRH; Stocks & Gold Sector