Chart of the Week

The nearby chart shows that over the past 2 years, the market has gotten overbought and oversold numerous times.

10 Day Moving Average of Advancers vs Decliners (NYSE)
A-D OB OS.gif
Source: RedTech Research

Internals remain strong, and suggest that the rally has some room to run. Do note that Nasdaq stocks are closer to overbought levels than NYSE issues . . .

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