4-29-26 Overextended Markets - Pullback Risk Rising

Markets held steady Tuesday, but beneath the surface, conditions are becoming increasingly stretched. Prices are now sitting well above key moving averages, with momentum and relative strength pushing into overbought territory. While there's no immediate sign of breakdown, this level of extension typically limits upside and raises the probability of a near-term pullback. With key catalysts ahead, including today's Fed announcement and earnings releases, markets are vulnerable to even minor negative surprises. As we move into May, a period that historically brings more volatility, the combination of seasonal weakness and technical extension increases risk. This may be a good time to review portfolios, trim risk, and prepare for a potential pullback—which could ultimately present a more favorable entry point. Markets don't move in straight lines, and patience here may be rewarded. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/playlist?list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz --- Articles mentioned in this report: "The Microsoft OpenAI Marriage Is On Rocky Ground" https://realinvestmentadvice.com/resources/blog/the-microsoft-openai-marriage-is-on-rocky-ground/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketOutlook #InvestingStrategy #FederalReserve #TechnicalAnalysis