buyers are becoming increasingly aggressive as prices advance.

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 buyers are becoming increasingly aggressive as prices advance.

When we look at how many stocks are seeing bullish momentum readings we are really analyzing the breadth of momentum for the broader market.

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This chart shows the highest percentage of NYSE stocks achieving overbought readings since spring 2020.

If you can remember, back then, it was a great time to buy stocks.

These kinds of breadth thrusts tell us that buyers are becoming increasingly aggressive as prices advance.

More importantly, they tend to occur in the early stages of new bull markets...

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