Here are the latest readings from my stock market technical indicators.
Long term is reaching oversold levels for the first time since 2011.
The Medium term indicator has rallied strongly off of the oversold levels I advertised three weeks ago.
Short term is back to overbought levels. It’s difficult to see, but it’s around 69%.
From a short term perspective, this is not a fantastic place to be buying. From a medium and long term perspective, this isn’t too bad. Monetary Base is beginning to grow again and the yield curve remains normal.