The stock market works in an opposite manner to department stores. Investors are excited to buy stocks when they are marked up rather than when they are on sale. This week we have seen a markup on some of the hottest merchandise, the low dollar financial stocks. That will likely entice eager retail buyers over the weekend.
At the end of the day on Tuesday we will be maximum overbought. With all the sentiment indicators lined up maybe we will finally see some downside following that. Have a great weekend.
Please note: I previously said we will be maximum overbought at the end of the day on Monday in error.