Currently Overbought: S&P 500, Financials, Capital Goods, Health Care and Utilities

Although the S&P 500 has yet to take out the old highs, the 10-day Advance/Decline line for the Index has moved into overbought territory by our measures.

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Financials, Capital Goods, Health Care and Utilities are also registering as overbought based on their 10-day A/D lines.