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State of the Market – 30 September 2014

30 September 2014

lt30_sept_2014 Long term remains very overbought.mt30_sept_2014 Medium term is slightly oversold.  The fact that it’s lower than its previous low should be considered negative.st30_sept_2014Short term is slightly bouncing from oversold levels.


McClellan Summation Index is showing persistent weakness.

cumhilow30_sept_2014Cumulative Four Week New High – New Lows has also been declining and surpassed its recent low while the Dow and S&P remain above that point.

The Dow and S&P-500 continue to not reflect the weakness in most stocks.

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