Saturday, September 17, 2011

Stock Market Indicators 9/17/11

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.  

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