Long term is right about neutral. Lowest level since June 2012. Medium term is heading back into positive territory. Short term is declining from overbought levels. McClellan summation index continues to trend upwards. Stay long until it reverses.
Long term is nearly at 50% for the first time since June of 2012. Medium term is bouncing from oversold levels. Short term is again overbought. Crazy how much of a difference three days makes. This move looks unsustainable in the short term.
Long term is nearly back at neutral. Short term is back into positive territory for the first time in almost two months. Medium term remains oversold.
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Percent of stocks above 40 day moving average is at levels associated with bottoms for the last 15 years, except for the 2008 sell off. McClellan summation index is at lows for the last 8 years except for the 2008 sell off. Long term is almost back to neutral. Medium term is oversold and seems…
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…