After the stock market's snapback from an early-September -6% decline (S&P is now almost flat for the month, but remains down for the year) -- our overbought stock market indicators are now neutral. Our last blog post for our stock market indicators was on September 12; our intermediate-term models went long -- when the S&P was at 1140. The S&P closed on Friday at 1216.
Our long-term indicators remain neutral -- with the models looking for further directional information from the stock market. As a result, our positions will be dictated by short-term trends.
Our long-term indicators remain neutral -- with the models looking for further directional information from the stock market. As a result, our positions will be dictated by short-term trends.
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