The stock indexes finished the month of August at new all-time highs. August volume was one of the lowest in years.
The stock indexes closed mixed on Wednesday with all indexes in extreme overbought territory. Volume set a new YTD low.
This stock market continues to go higher on lower and lower volume. If that is bullish, someone needs their head examined.
The stock indexes will all be extreme overbought on Tuesday if they open higher. I am looking for an intraday turn to the downside.
The stock indexes closed mixed on Friday with the Nasdaq closing higher with an extreme overbought condition. It cannot stay there.
All indexes are now extremely overbought. Just wait until Janet Yellen speaks Friday.
The stock indexes are all in overbought territory and the Nasdaq and SPY will be extremely overbought on a 'green' open tomorrow.
The stock indexes are approaching all-time highs again with no volume to speak of. There is no buying conviction so buyer beware.
The stock indexes were whipsawed as triple witching option expiration and other tensions created heavy volume.
his is not a bullish scenario as the hedge funds can resume the selling at any time.