Liz Thomas: Info Tech sector above moving averages and overbought levels

Liz Thomas: Info Tech sector above moving averages and overbought levels
Info Tech sector momentum remains strong

Liz Thomas highlights that the Info Tech sector is experiencing maximum overbought conditions and is significantly above moving average levels.

She notes that while these indicators suggest the sector is extended, efforts to counter tech momentum have not fared well during the current market cycle.

Thomas previously observed that momentum and growth factors have outperformed this month, with both up nearly 10 percent while low volatility and quality lagged behind in earlier analysis. She also discussed crypto price cycles and regulatory developments during a recent podcast featuring Anthony Scaramucci as noted here. These prior notes come as tech continues to show strong relative strength.

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