Ultra short term is back in neutralShort term is slightly overboughtMedium term is overboughtLong term is insanely overbought at 87% I’ve been reading some items about stocks relative to their 250 day exponential moving average, and that eventually they return to it. I decided to start monitoring this daily.
Right now, we’re at 9% of all stocks at 30% or more away from their 250 exponential moving average.. I’m also monitoring those 40% and 50% higher than the same reference point. Those are about 4% and 2%.