Is the market overbought?

[Jahbulon]

Is the market overbought?

Yes
No

[edgarj]

Yes, it is overbought. So, I moved my TSP to the G fund.

[joharo]

I hope it tanks so I can get back in!!!

[barryusa]

Nonfarm Payrolls - M/M change Prior 54,000 Consensus 110,000 Range 63,000 to 160,000

Friday will be interesting. If for some crazy fluke reason we get a really high employment situation number, the market will run and then it will be very overbought. But what about the debt talks too? Time to throw some darts to figure out what to do! LOL

[Jahbulon]

I think we will see a deal in the next few days on the debt situation. Maybe today?

[barryusa]

I think it is close to and the market is anticipating. Big gains in short time.

[brinky]

I ift'd from the G-Fund to the S-Fund 100% June 17th, till July 5th, then back to the "G" for a gain of +7.27%. It was to hard to leave this kind of money on the table on a 2 week run-up, after viewing the Bollinger Band and the RSI on the W4500. I expected a pullback of 2-3% then jump back in. Now with the debt ceiling debate, jumping back in before its settled could be very risky, but its how you make the most. The Reps want to crush "O" and this would be their way of doing it, taking down the markets and everyone in it.

[UwshUwerME]

I think it's bought, but not over-bought.

[brinky]

Its starting "Moody's Puts US Credit Rating on Review for Possible Downgrade" doesn't look good. G-fund is good for now. Thank Washington, and I'm not talking about George either.