The recent stock market decline let some of the air out of the stock market's steady rise over the past several months. Our stock market indicators switched to positive with the stock market currently trading at about 1371.
- Our long-term model are now bullish.
- Our oversold/overbought models are also bullish, after the recent downdraft.
Our last update was in December, when the S&P stood at 1254. Since that time, our models unfortunately had us underweighted in the stock market. Systematic trading strategies are not always correct, but following disciplined methodologies helps in terms of repeatability, managing risk, and managing emotions.