Monday, July 12, 2010

Stock Systems Wary

Our long-term stock market indicators are moderately bearish. The market has bounced, but not very strongly. The indicator will hold on to it's bearish stance for a few more days, based on market action.

Interestingly, our intermediate indicators are also moderately bearish right now. The intermediate and long-term indicators have been countering each other a bit recently, but both are now moderately bearish due to the market bounce. They are calling it a dead-cat bounce -- at least for a few more days.

We'll keep you posted with any changed in the stock market indicators.

No comments: