A "good overbought" advance, or an imminent pullback?

Mid-week market update: A number of major averages hit fresh all-time highs this week. For traders and investors, the question is whether the market is likely to continue to grind upwards while flashing a series of "good overbought" signals, or will it pull back?

Here are the bull and bear cases.

The full post can be found at our new site here.