Market Notes

Overbought and Overconfident? What the Tape's Internals Are Flashing Beneath the Record Highs

· 4 min read · by Nova Ventures Research

Overbought and Overconfident? What the Tape's Internals Are Flashing Beneath the Record Highs

The Dow's win streak is wobbling at midday just as RSI readings on the major averages push into overbought territory near 75. But breadth tells a healthier story than the oscillators alone — here's what the internals are really saying.

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