State of the Market – 7 October 2014

lt_7Oct_2014

Long term remains overbought.mtt_7Oct_2014 Medium term is oversold.  We need to see this indicator build on itself (a higher low than a recent low) before we commit to getting long.

st_7Oct_2014Short term is slightly off oversold levels.

 percent200day7_oct_2014 Percent of stocks above 200 day moving average near three year lows.  The only time it was below this level was 2008 and early 2009.mcsum7_oct_2014McClellan back at levels not seen since 2011/2012.  The only time it went lower than here was in 2008.