HomeMarketsIndicesStocks May Have Been Overbought Heading Into This Week

Stocks May Have Been Overbought Heading Into This Week

The FOMC takeaway is an ongoing higher for longer stance, notes Joe Mazzola. He discusses what’s happening in the markets. He talks about how stocks may have been overbought heading into this week. He highlights that breadth is still constructive at the 200DMA level for the S&P 500, which is not so for the NDX/RUT. Tune in to find out more about the stock market today.

Market On Close

24 May 2024

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