Ultra short term is slightly oversold Short term is oversold Medium term is oversold Long term is slightly overbought
Ultra short term bouncing from very oversold levels Short term is very oversold Medium term is slightly oversold but still above the early September lows Long term is slightly overbought
Ultra short term is neutral to slightly oversold Short term is slightly oversold Medium term is overbought Long term is slightly overbought
Ultra Short Term is slightly overbought Short term is slightly overbought Medium term is neutral Long term is neutral
Ultra short term is oversold Short term is oversold Medium term is retracing back to its recent slightly oversold level Long term is neutral
The McClellan Summation index is in a downtrend from 6/17
Ultra short term is slightly oversold Short term is slightly oversold Medium term is slightly oversold Long term is neutral
My indicators are not leaning heavily one way or another. The one biggest discrepancy is the apparent weakness in my medium term indicator when compared to the S&P. This could be considered “bullish” or “bearish” as eventually many of the S&P and Dow headline stocks may correct with the rest of the market, or the…
Ultra short term is slightly oversold Short term is slightly oversold and has broken down out of its ascending trend line. Medium term is slightly overbought and lagging recent peaks. Long term is nearly back to neutral.
Many leading stocks took a hit at the end of last week indicating that money switched to laggards as the Dow and S&P rallied with Nasdaq not as exuberant. Seasonality is still positive through early September.