Stock Market Indicators – December 13th, 2015

 

Here are the latest readings from my stock market indicators.
st_13dec2015

Short term has continued down to oversold levels.  These aren’t extreme levels yet, but they are oversold.

mt_13dec2015

Medium term is slightly oversold.  Again, not extreme and not yet a great buying point.  Stay on the sidelines for now.

lt_13dec2015Long term is neutral still.

composite_13dec2015

I don’t post this indicator very frequently.  It is a composite of the three indicators above.  We are reaching levels not seen since 2011 and earlier this year.

With the recent prevailing weakness, I recommend staying on the sidelines until something changes – Fed pulls interest rate hike from table.  I foresee a rally in the latter part of December with some more weakness in January / February until a good tradeable bottom from March until May.  This is all, of course, subject to change based on the economy and the Fed.