FYI: As the S&P 500 finished last week at another all-time high, overbought and oversold conditions are largely unchanged from where they have been recently. Twelve of the fourteen major index ETFs are overbought while the remaining two are neutral. While off of extreme overbought levels that a few of the indices briefly touched last week, many of those that are overbought still remain just under extreme levels. With huge losses from certain weak earnings last week weighing heavy on the Dow (DIA), it was the only index to finish last week in the red and less overbought—though it is in fact still overbought.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/trend-analyzer-4-29-19-small-caps-looking-solid
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