Long term is slightly overbought. Medium term is slightly oversold. My short term indicator again identified a short term turning point last week when it was oversold. Currently it’s a little above neutral.
Long term overbought, but remains off highs. Medium term is just below neutral. Considering the action of the short term indicator, this will also be headed for very oversold conditions. Short term is oversold.
Long term remains off highs since June while the Dow, S&P and Nasdaq have all made new highs. Medium term is slightly overbought and declining. Short term is getting oversold – only room for about a 10% fall from here.
Long term is still off highs and trending slightly up. The damage done in September to many stocks has yet to be recovered. Medium term is slightly overbought, but off historically high levels. Short term has declined the past few days. The market has seasonal tailwinds through April. In addition, the VIX…
Long term remains off overbought levels suggesting some weakening breadth of the market. Medium term is slightly overbought – less than recent highs. Short term is getting close to overbought levels. Remains less than the level reached last week.
Long term remains overbought. Medium term is neutral. Short term is slightly oversold and has bounced recently.
Short term is neutral. Medium term is slightly overbought. Long term is slightly overbought. Composite indicator is slightly above neutral. If this weakness continues, we have a ways to go before reaching oversold conditions and good buying conditions. Use caution.
Short term is getting back to overbought. Composite indicator is slightly above neutral. Long term is only slightly overbought. It is definitely off highs which shows some weakness in individual stocks. Medium term is slightly below neutral. Usually this chaotic behavior to either side is not a good thing. We’ll see if the indexes…
Composite indicator is currently neutral. Long term remains slightly overbought. Medium term is slightly oversold. Short term is neutral.
Long term remains slightly overbought. It definitely remains off of recent highs which shows some underlying long term weak trends established in some stocks. Medium term is slightly above neutral and has begun declining. Short term is getting slightly oversold. The Adjusted Monetary Base has fallen significantly the past few months. The image above…