Our overall stock market signal has gone from bullish to neutral. The S&P is currently at 1457.
The last signal change was on October 11, 2012, when the (intermediate-term) systems went long, when the S&P stood at 1438. The systems rode some volatility -- but in the end, completed the bullish stance with a gain of 19 S&P points.
After the recent rise in stocks:
The last signal change was on October 11, 2012, when the (intermediate-term) systems went long, when the S&P stood at 1438. The systems rode some volatility -- but in the end, completed the bullish stance with a gain of 19 S&P points.
After the recent rise in stocks:
- Our intermediate overbought indicators are now slightly bearish.
- Long-term model is bullish.
- Short-term model helped to bring us to the current neutral position.
Happy New Year!
No comments:
Post a Comment