State of the Market – 24 August 2014

Here are the latest reading from my stock market indicators.

lt24aug14

Long term remains very overpriced.

mt_24aug2014

Medium term is back into positive territory and is slightly overpriced.  You can see the deterioration in this indicator since October 2013.

st_24aug2014

Short term has begun falling from overbought levels.

I still recommend light exposure to risk assets at this time.  The odds are not in your favor.