I spent some time tonight reviewing several of my technical indicators and - no surprise - tech is overbought. In fact, the SPX is up on the back of a handful of tech stocks. The rest of the ~500 are just muddling along. What did surprise me is that there is no confirming evidence that this bull run in tech is over. Personally, I think it's almost over but today I can find no confirmation. Let's see how it goes for the rest of June.
The stock market is a device for transferring money from the impatient to the patient. - WB