With the market rally, our indicators have changed to an overall slightly bearish position. Our long-term models have changed from a medium bearish signal to a moderately short position.
Our intermediate-term models have flipped from a moderate/medium long position to a moderately bearish signal.
Both signals are bearish -- but note that both are just "moderate." As a result, traders should look to the shorter-term trend for additional direction.
Investors should be cautious.
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