How To Tell If The Rally Is Tiring

Stock market indicators are back at extreme or practically extreme levels, suggesting that a topping process is underway. These metrics tend to be confirmed by the “upgrades” to tech stocks now being announced by the major investment banking firms. The latest “even higher” price targets are a clue for those who study markets closely.

Such indicators often seem to go against the grain of the investment news headlines of the day and that’s what makes them valuable. They have a built-in contrary vibe when levels like this are reached, and the denial about their meaning is often heavy duty. Take a look at these charts.