A Step In the Right Direction

I am more constructive than I was a couple of days ago as a lot of the excess optimism is now gone. Unfortunately, we are still overbought and sentiment is not yet at a pessimistic extreme. While I believe we should stabilize at around these levels, the trade for the past few months has been to buy oversold and sell overbought. We are not oversold yet. Have a good night.

No comments: