Our intermediate-term stock overbought/oversold indicators have turned slightly bearish, after their bullish stance about two weeks ago, when the S&P was about 1319. The S&P is currently at 1336.
Our long-term indicators remain strongly bullish. Long-term investors will want to hold their positions (and perhaps not add to their long positions).
Monday, April 25, 2011
Wednesday, April 13, 2011
Oversold Indicators turn Bullish 4/13/11 7am ET
Our oversold stock market indicators have turned moderately bullish from their slightly bearish signals of March 25th (when the S&P was at 1318). The market is calling slightly higher in overnight trading, with the S&P trading electronically at the equivalent of 1319 (on the cash S&P).
Our long-term models remain strongly bullish, and our short-term models are slightly bullish, awaiting confirmation during the day. Long-term investors should have their stock positions in place, and traders can be looking to enter the equity markets.
Our long-term models remain strongly bullish, and our short-term models are slightly bullish, awaiting confirmation during the day. Long-term investors should have their stock positions in place, and traders can be looking to enter the equity markets.
Tuesday, April 5, 2011
March Recap 4/5/11
As usual, the financial markets were very interesting. The month of March saw extreme volatility -- and weirdly enough, some markets remained relatively flat for the month. U.S. stocks and bonds ended the month mostly flat, with the S&P 500 closing at 1326 after opening the month at 1327.
Events in Japan and Libya created extreme volatility and whipsaw-like market action for many markets. The Japanese Nikkei index plummeted -20% before bouncing back to end the month down about -10%. Many other markets such as sugar, oil, and grains also saw reversals in long-term trends and then a bounce-back.
Managed futures indices and benchmarks tabulated by Barclays and NewEdge were down about -2% to -5%. Trading advisor performance was generally down, with performance in a wide range. In general, the commodities sectors fared better than the financial sectors.
Events in Japan and Libya created extreme volatility and whipsaw-like market action for many markets. The Japanese Nikkei index plummeted -20% before bouncing back to end the month down about -10%. Many other markets such as sugar, oil, and grains also saw reversals in long-term trends and then a bounce-back.
Managed futures indices and benchmarks tabulated by Barclays and NewEdge were down about -2% to -5%. Trading advisor performance was generally down, with performance in a wide range. In general, the commodities sectors fared better than the financial sectors.
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