FYI: n the past week, stocks managed to reach all-time highs, but in the past couple of days have seen declines leading to a slight pullback in overbought levels. Earlier in the week, there had been as many as four extremely overbought major index ETFs, and today there are not any. On the other end of the spectrum, both the Core S&P Small Cap (IJR) and Russell 2000 (IWM) had been oversold earlier this week before moving back to neutral levels.
Performance over the past week have been somewhat positive with all but the Core S&P Small Cap (IJR) rallying. Meanwhile, the Nasdaq (QQQ) has handily outperformed rising over 1.5%
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/trend-analyzer-4-26-19-nasdaq-qqq-ripping
