With the stock market's drop from around 1400 at the beginning of May to the current levels around 1308, our oversold models are now bullish. That decline represents a drop of some -7%. What do our trading models say now?
Our last stock market signal update was on May 2, 2012, when the S&P stood at 1406. The S&P is at 1308 at the time of writing this.
- Our intermediate-term oversold models are now strongly bullish. Traders may want to trade a potential bounce upwards.
- Our long-term models remain bullish -- but are slightly cautious, wary of potential downdrafts.
Our last stock market signal update was on May 2, 2012, when the S&P stood at 1406. The S&P is at 1308 at the time of writing this.
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