Friday, March 25, 2011

Overbought Stock Indicators turn Slightly Bearish - 3/25/11, 1pm ET

A quick blog post:  our intermediate term overbought stock indicators have turned slightly bearish.  This indicator last changed a week ago, when the S&P stood at 1275.

The S&P is currently at 1318.  Our long-term stock indicators remain strongly bullish.

Our equity outlook is based on a combination of our long-term, intermediate (overbought/oversold) and short-term stock market models.    

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