As of the close yesterday, our overbought/oversold indicators have flipped from a bearish to a bullish stance. Our last signal change was on May 9, 2013, when our overbought indicators turned bearish. At the time, the S&P was at 1627. As of the close yesterday, the S&P stood at 1609.
For a while, this system's signal (and trade) was looking bad, with the S&P breaching the 1650 level, but some of the air has been let out of the bubble. This model is now bullish. Here is a rundown of the current technical trends in the U.S. stock markets:
For a while, this system's signal (and trade) was looking bad, with the S&P breaching the 1650 level, but some of the air has been let out of the bubble. This model is now bullish. Here is a rundown of the current technical trends in the U.S. stock markets:
- Long-term indicators are bullish
- Intermediate term overbought/oversold are bullish
- Short-Term currently bearish, but this changes in the short-term.
Our tactical asset allocation models, which apply these approaches to various asset classes, have performed well.
Past performance is not necessarily indicative of future performance.
No comments:
Post a Comment