Thursday, October 13, 2011

Stock Market Indicators 10/13/11 10am (ET)

After the oversold stock market rebounded (about 12% from the recent lows!), our indicators have changed a bit since our last stock update on 9/27/11, when the S&P was at 1145.  Currently, the S&P is at 1195.

  • Our long-term model is still bearish, but gives only a "slightly bearish" signal.
  • Our intermediate-term (overbought) model has changed from neutral to "slightly bearish."
  • Our short-term indicators are dependent on shorter-term market action, but are currently bearish.
Traders may be interested in the short-side of the stock market, but note that the indicators are just slightly bearish.  However, they are bearishly aligned.  Long-term investors may want to wait and add to positions on weakness.  

1 comment:

Anonymous said...

NOTE that the LT & IT models are just "slightly bearish" -- so with the short-term trend up, we are neutral.