22 Jan State of the Market – 22 January 2015
Posted at 19:52h
in Trading
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 get new highs on this bounce.