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Tuesday, July 13, 2010
Long-Term Systems Flip to Moderately Bullish
With today's rally, our long-term stock models are flipping to moderately bullish at the close today (from their moderately bearish stance). Our overbought (intermediate) stock market indicators remain moderately bearish.
The short-term trend upwards today kept us flat to slightly long overall. Remember to keep all three time-frames in mind if you are a trader.