While markets remain in an up-trend, I am concerned when air pockets are found in growth stocks like PCLN and MNST and CMG. All three have gapped down big time after earnings. The market probably has further to go on the up-side but with the T2108 at 75% and with over 50% of stocks in an overbought range, I think this market is closer to a top than a bottom.
We have some upside left but all the indicators(MACD, RSI, Stoichastic) are starting to diverge.