09 Nov State of the Market – 9 November 2014

Short term is declining back to neutral.

Long term is slightly positive.  Heavily lagging recent highs despite the Dow being at new highs.

Medium term is slightly overbought and is once again lagging values achieved the last four years.

The McClellan Summation index continues to trend upwards so staying long until that reverses may be wise.  Either way the time to buy was around early / mid October in line with my medium term indicator’s oversold levels.