Markets , Momentum vs Fundamentals/Technicals

One thing is clear , we need to consolidate the gains but the momentum is so strong , markets do not want to stop.
Every other day some big analysts jumps on the bandwagon saying we could go higher .
It seems for S&P 500 950 is a major obstacle. But beyond that , obviously, 1000 is a clear "magnet".
Gold seems like taking its time to get to 1000. But the more it consolidates below 1000, the better the break out imho.
We can pullback at any time but CSCO, MSFT and HPQ show good strength.
These are low beta stocks with lower volatility.
The high betas like AAPL GOOG RIMM AMZN , all show strength.
AAPL is getting good words from many many analysts I follow.Technical/Fundamental , all kinda people like it.
I will be looking at a good entry point for it.
Oil is overbought , but the weak US$ and inflation talk keeps pushing it higher.
About overbought/oversold, there is no rule the overbought cannot rise more and oversold cannot fall more.
As you have seen the market prove it recently. It just means you have to buy it carefully and keep positions smaller.