Our stock market indicators have turned bearish, with the S&P currently at 1254. Our last update to our stock market systems was on November 23, 2011, when the S&P 500 stood at 1167. Stocks have had a nice run-up -- and our intermediate-term overbought indicators, in particular, have flipped to bearish.
- Our long-term indicators remain bearish but have ticked up to "slightly bearish" from its bearish stance on 11/23/11.
- Our intermediate indicators have flipped to moderately bearish from its moderately bullish stance two weeks ago.