90% of stocks in the S&P 500 are currently trading above their 50-day moving averages. This is at the top end of the indicator's range over the last year and indicates the extreme overbought nature of the stock market.
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY) and ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)
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