Here are charts of the Nasdaq, S&P 500, the Dow, the SOX and Worden’s T2108 (% of stocks above their 40-day moving averages):
Note the strength of this Bollinger band walk on the Naz. Usually during a walk it closes at or near the upper band, right now it’s opening around the upper band and pushing higher.
T2108 is above 80 indicating an overbought condition.
