At current levels, our intermediate-term overbought/oversold stock market indicators feel that some of the air has been let out of the market -- and are going long. We have a full long-signal based on these intermediate-term models.
Note that due to the sharp sell-off from recent peaks, our long-term model is just very slightly bullish, down from its medium long signal.
Net-net, we will have a bullish stock market stance, with the market's short-term trend helping us with our overall equity exposure.
8/12/10 3:25pm ET