Everyone Has It Wrong
Analyzing "Overbought" Signals & Implications
Investors,
With the Nasdaq-100 gaining +20% in less than two months, many investors have reached out to ask me something along the lines of:
“Isn’t this market extended? Aren’t stocks overbought?”
There are three reactions that I have to the topic of being extended/overbought:
Extended/overbought relative to what?
Extended/overbought for who?
If we agree that it is extended/overbought, who says that isn’t bullish?
Today’s premium newsletter will focus on this topic specifically, providing a nuanced and necessary analysis about whether the market is extended/overbought and the implications going forward. Regardless of whether you’re a short-term trader, long-term investor, or even involved in other markets like crypto, this analysis will help to diagnose broader market conditions and how to carefully dissect this topic into actionable takeaways.
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Also, happy holidays!