Thursday, September 3, 2009

Stocks: All Systems Go

On August 25, 2009 our blog stated that our Overbought/Oversold indicators for stocks called for an intermediate top -- and went moderately short. With the stock market selling off -3% in about a week, these indicators are going long.

In addition, both our long-term and short-term stock models are currently long, so "all systems are go." Note that this doesn't necessarily mean that the stock market will scream higher today, but the probabilities do favor the upside over the next few days.

Some of our friends might notice some "space lingo" in our recent posts because we were lucky enough to see the Space Shuttle Discovery (STS-128) streak through the Central Florida sky last week. Here are some fun Space Shuttle facts (and video clips):

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