Our stock market indicators are flashing a warning signal so investors and traders should take note and be careful. Our last stock market signal was on June 6, 2013, when our indicators were bullish. At the time, the S&P stood at 1609. The S&P is currently at 1672.
- Long-term indicators are bullish.
- Intermediate-term indicators are moderately bearish.
- Overall, we remain slightly bullish, but we will be watching the short-term trends and indicators.
Investors should be cautious and should look for sell-offs to add to equity positions. Traders may look to the short side if the market accelerates to the downside. It is often difficult to predict turning points, but our intermediate-term model has had a good track record as documented by our blog.
As always, we will keep readers apprised of changes to our stock market indicators.
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