US EditionSA: S&P 500's new record high pushes the index into overbought territory - The Loadstar
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SA: S&P 500's new record high pushes the index into overbought territory - The Loadstar
SEEKING ALPHA reports: The benchmark S&P 500 (SP500) pushed into uncharted territory once again on Thursday, notching a fresh all-time high as investor momentum shows little sign of slowing. This latest advance comes amid broad market strength, with a growing number of the index’s constituents joining the rally. However, according to data from the Relative Strength Index (RSI)—a widely followed technical momentum indicator—95 of the 500 stocks i…
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