State of the Stock Market – 21 August 2015

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Composite stock market indicator

It’s been a while since I showed the composite indicator for the stock market.  It’s finally getting back to extreme levels seen in late 2014 and before that 2011 and 2012.

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Medium term stock market indicator

Medium term is heading back to oversold levels – meaning we’re getting closer to a decent entry point.

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Short term stock market indicator

 

Short term is heading lower again, and is also nearly oversold meaning a decent entry point for a short term trade approaches.