Stocks Now Most Overbought In A Year

Just two words - "Volumeless" and "Overbought" - but when has that mattered...

Spot The Rally (using the lower pane only)

 

 

McClellan Oscillator at a notable extreme...

 

and the Relative Strength Indicator is once again signaling a trend change...

 

If you are a dip-buyer, HY has all the upside from here... or maybe, just maybe, the professionals were right to worry and hedge...

 

Charts: Bloomberg