Starting next week's POST now
- Stock market valuations and the Buffett valuation indicator are at historic highs.
- 411 of 500 S&P 500 stocks are trading above their 200-day moving average.
- The weekly RSI on SPY is overbought again just like before September mini-correction, this time the monthly RSI is overbought too, like 1999, 2007, 2013, 2018 and 2020.
- Leverage and call option volume are at all-time highs as well.
- Meanwhile, the Fed and Treasury are reducing liquidity.