We haven't posted about our stock market indicators since October 13, 2011, because our indicators have stayed relatively constant. On October 13th, the S&P stood at 1195 (when both our long-term and intermediate-term models were slightly bearish). Currently, the S&P stands at 1167. Here is an update on our stock market indicators:
- Our long-term model is currently bearish (more bearish than the slightly bearish stance on 10/13).
- Our intermediate-term indicators are moderately bullish (from the slightly bearish stance on 10/13).
Our key models have offsetting signals, so that stock positions will be dictated by the short-term movements in the stock market. Long-term investors should be watching key levels of stock market technical support -- and/or adding to positions on market weakness. Traders should be wary of the short-term trends in the markets.
Happy Thanksgiving!
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