S&P 500 Could Hit 3,280 in Next 12 Months, Fairlead's Stockton Says

The video discusses the S&P 500 reaching record highs and analyzes market breakouts, highlighting the positive momentum and potential future targets. It examines the 10-year yield trends, noting a loss of downside momentum and potential stabilization. The video also explores global equity markets, focusing on the Nikkei 225's breakout above the 200-day moving average and its implications.

Discuss the recent trends observed in the Nikkei 225 and their implications.

What does the term 'oversold condition' refer to in market analysis?