I want to give a quick update on the breadth signals from my Jan 11 Premium post. While the markets broadly are overbought, they can remain so as long as:
the 10 yr yield stays under 4.5%
NVDA and the Magnificent 7 stay in flight above their 50 day moving averages
Breadth continued to expand in favor of New Highs
And no black swans appear
Below are updated charts on one of my most important big picture signals for premium subscribers: