Monday, April 25, 2011

Overbought Stock Indicators 4/25/11 340pm ET

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).

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