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Overbought Markets That Stay Overbought Usually Go Higher

Overbought Markets That Stay Overbought Usually Go Higher

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SUMMARY With the start of a new month, I think the equity market is trying to find a balance between “new month demand” (investment and trading dollars put to work at the start of a new month) and some potential near-term buyer fatigue. Within that context, we are watching to see if positive year-end seasonality [.

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