Fade The Rip or Regret It: Markets Are Screaming Overbought
Fade the rip?
"...one of our contrarian trading rules…when >88% of MSCI global stock indices trading above their 50-day and 200-day moving averages then you sell, and vice-versa; currently 84% of MSCI indices trading above 50dma/200dma"...global stock markets v close to “overbought”…good “fade-the-rip” reminder" (Hartnett)