Wednesday, May 2, 2012

Stock Signal Update 5/2/12 (8am)

We had a stock signal update just over a week ago, and rode the recent stock market surge higher.  After the rapid rise, our overbought models are signalling a moderately bearish stance.  Our long-term models remain bullish.

  • Long-term investors should maintain long positions.
  • Traders should monitor positions and either be flat -- or have very close stops to exit long positions...  
  • Traders and investors looking to go long or add to long positions -- should wait for a pullback -- or an oversold signal.  
Our last update was on April 24, 2012, when the S&P stood at 1371. The S&P now stands at 1406.  

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