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.