Shiller PE Near Dot-Com Peak as $SNDK and $MU Hit Rare RSI Extremes

AfraSimon
06-02 08:41

Market conditions are showing extreme divergence, with names like $SNDK and $MU reaching historically overbought momentum levels while broader valuation indicators and cash positioning signals suggest rising caution at the macro level.

1. $SanDisk Corp.(SNDK)$

Sandisk $SNDK just hit a 99 RSI on the monthly chart, one of the most overbought levels ever recorded for any asset in history 馃毃馃毃馃毃

2. $Micron Technology(MU)$

Micron $MU just hit a monthly RSI above 90, the most overbought level in more than 30 years 馃く馃憖

3. $Berkshire Hathaway(BRK.A)$

Berkshire Hathaway $BRK.A now holds 32% of its total assets in cash, the most in history 馃挵馃挼馃

4.Shiller PE Ratio is now just 3.5% away from passing the Dot Com Bubble as the most expensive stock market valuation in history 馃毃馃毃馃毃

5. Stock Market reaches most expensive valuation in history, surpassing the Dot Com Bubble and the run-up to the Great Depression 馃く馃憖

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