22 Jan State of the Market – 22 January 2015

Posted at 19:52h in Trading by

st_22jan2015

Short term is getting back to overbought.

comp_22jan15

Composite indicator is slightly above neutral.

mt_22jan15

Long term is only slightly overbought.  It is definitely off highs which shows some weakness in individual stocks.

st_22jan14

 

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.