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.

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