24 Aug State of the Market – 24 August 2014

Here are the latest reading from my stock market indicators.

Long term remains very overpriced.

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

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.