It should be no surprise that the shortest term indicator is overbought. The rest are showing divergences with previous peaks, but it hasn't rolled over yet so there is still time. I've been noticing that a lot of the weaker stocks have been outperforming on this latest small cycle. That tells me (I've discussed this theory in previous posts) that the cycle that began in June is possibly nearing completion. Each valley in my indicators usually see about 3 to 4 stages. The initial valley has the strongest stocks bottom first. The last usually finally is when sector rotation puts money in those that did not respond in the first few.
See SAN, BBVA for examples.
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