Thursday, March 17, 2011

Oversold Stock Indicators Go Long 3/17/11 11:30am ET

Our oversold/overbought indicators have flipped to strongly long after their recent bearish signal on March 7, when the S&P was near 1310.  The S&P currently stands at 1275.

  • Traders should be cautious with the increased volatility (as well as news from Japan and the Middle East).
  • Long-term investors looking to add equity positions may consider increasing their equity allocations.  

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