Friday, August 27, 2010

Stock indicators: Neutral Stance 8/27/10 (near the close)

At current stock market levels, our long-term indicators are slipping to a "medium level" bearish stance.

Our intermediate-term indicators still believe that the market is oversold, but with today's rally, they have slipped to a moderate to -medium level bullish level.

Thus, the indicators have a neutral stance. Long-term investors should be cautious, as our long-term indicators have not been this bearish in a while. Traders should keep an eye on short-term trends to dictate stock positions. I will update changes in intermediate and long-term indicators on this blog.

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