Monday, October 25, 2010

Intermediate-Term Stock Indicators Slightly Bullish 10/25/10 720am

As of the close Friday, our intermediate-term stock indicators turned slightly bullish from their recent cautious stance. They join the long-term models on the bullish side.

A look ahead at the indicators shows that with a pop upwards, the intermediate-term indicators may retreat back to neutral to slightly bearish. The stock market has certainly had a strong run over the past several months and the models reflect this fact. However, they do not want to "fight the tape" too long.

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