Highlights
- The U.S. Risk Gauge downticked to a 3 in the short term this week as leadership continues narrowing with fewer stocks participating in the market’s move higher.
- Despite major indices trading at all time highs, the market is considerably less overbought today with materially fewer stocks above their 15-, 50- and 200-day moving averages than when the Risk Gauge first moved back to 'Risk On. . .
