Good thing California counters its toppy infrastructure costs with America's best public schools, low taxes and business-friendly regulations.

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Banks will be perceived as more defensive while tech benefits from rising information technology spending but oil looks toppy.

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Metals looked ready for a pull-in after some short-term toppy action on Tuesday.

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Among Hitt's calls for July: "Trading in stocks will be 'toppy' because "the astro for July is kind of like a tamed lion.

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The pattern in the on-balance volume (OBV) looks toppy considering that while XLB was making higher highs, the OBV was forming lower highs (line d).

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With Wall Street looking toppy at 10, 000, some investors (mainly from overseas) are betting that Tokyo stocks might show the way to the next Asian bull run.

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In the process, valuations now look toppy.

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For example, a trader may have a predominantly long strategy focused on buying dips in relatively strong stocks, but if we enter a bear market cycle or the market starts to get toppy, that trader will have a tough time making money.

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