We are now 14.7 % from the 10 month SMA on SPY – that has only happened 10/190 times (including this month) since October 1993. That is a 5.3% probability. The last time we were this overbought was May 1999….
A betting man wouldn’t like his chances at this poker table. Do you feel lucky punk? Well, do ya?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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