US Markets Move to Overbought…
The US markets are overbought, especially QQQ and IWM. The rest of the world is neutral somewhat reflecting my commentary on Monday that their appears to be a global lag outside of the US. We saw this in the first 8 months of the year and should the US show any sign of weakness, we could see capitulation in the global markets. In the meantime the US marches on and remains on pace of having one of its best years in decades.
For today’s official Daily Battle Plan set-ups click here.
