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State of the Market – 5 January 2015

05 January 2015

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…

State of the Market – 14 December 2014

14 December 2014

  I created this indicator as a combination of the following indicators.  It is currently neutral.  There is no “weighting” built in.  All time frames are treated equally. Long term remains slightly overbought. Medium term has quickly declined into slightly oversold territory.   Short term is oversold, but can go a little lower.

30 November 2014

30 November 2014

Long term remains off highs showing lack of breadth on the latest strong market move by the S&P and Dow.   Medium term remains off highs and is only slightly overbought.   Short term is declining and off recent highs.  It is only slightly overbought.

23 November 2014

23 November 2014

Short term is slightly above neutral. Long term is slightly above neutral.  Values are still lagging previous highs, which contradicts the action of the major indexes. Medium term remains slightly overbought, and has declined for the past week.    

State of the Market – 9 November 2014

09 November 2014

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…

State of the Market – 30 October 2014

30 October 2014

Long term is neutral. Short term is near overbought levels, and a bit lower than the high it made last week.   Medium term is back into positive territory, but is not yet overbought. This V bounce makes the major indexes look like they are trading like penny stocks. Notice the significant lagging of my…

State of the Market – 26 October 2014

26 October 2014

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.  

State of the Market – 21 October 2014

21 October 2014

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.