Overbought / Oversold Stock Indicator Shifting to Moderately Short

With the market showing continued strength after last week's decline, our Overbought / Oversold Stock Market indicators are flashing warning signs. By the close of today, based on current prices, they will flip from long to moderately short. Our long-term and short-term indicators remain long. This is just a sign that traders should be cautious at these levels based on the recent market action.

Long-term investors should continue to do what they are doing (and avoid churning their accounts and building up commissions).

Current Stock Market Indicators (Bullish)

Currently:

• Longer-term models -- moderately bullish
• Short-term models -- currently bullish, especially with market calling higher
• Overbought/Oversold indicators -- bullish; these models don't currently "believe" in the "bearish themes" out in the marketplace.

As always, let the market action and "tape" dictate your investing and trading positions.