Medium still oversold Short term overbought Ultra short term overbought Both short term indicators identified the recent tradeable bottom – oversold with a positive divergence from the previous low. If you were brave enough to get on it, congrats.
Medium term is declining and slightly overbought. Short term is neutral to slightly oversold. Ultra short term is slightly oversold. Although the indicators above are negative, we are into the best 6 days of the market – -3 business days to +3 business days of the end of the month. SP-500, Dow, Nasdaq haven’t broken…
Composite indicator is currently neutral. Long term remains slightly overbought. Medium term is slightly oversold. Short term is neutral.
Short term is declining back to neutral. Long term is slightly positive. Heavily lagging recent highs despite the Dow being at new highs. Medium term is slightly overbought and is once again lagging values achieved the last four years. The McClellan Summation index continues to trend upwards so staying long until that reverses may…
ong trMedium term remains oversold and headed back to lows. Long term is nearing neutral territory for the first time since early 2012. Short term has sold off hard, but remains off lows. It remains oversold. McClellan Summation index remains in a downtrend.
Long term remains overbought. Medium term is oversold. We need to see this indicator build on itself (a higher low than a recent low) before we commit to getting long. Short term is slightly off oversold levels. Percent of stocks above 200 day moving average near three year lows. The only time it was below…
Long term remains very overbought. Medium term is slightly oversold. The fact that it’s lower than its previous low should be considered negative.Short term is slightly bouncing from oversold levels. McClellan Summation Index is showing persistent weakness. Cumulative Four Week New High – New Lows has also been declining and surpassed its recent low while…
Long term remains overbought. Medium term is oversold. Short term is oversold. The fact that this reading is lower than recent lows is negative.
Long term is off highs and appears to be heading down. However, it is still overbought. Medium term is slightly oversold, and it appears that its rate of descent is slowing.Short term is back near neutral territory. If this rolls back over, expect hard selling. Silver continues to sell off. Regrettably, the weekly RSI indicator…
Long term overbought. Medium term neutral.Short term slightly oversold.